Thursday, February 06, 2020 10:25:34 AM
and you would be a fool shorting and might think twice about selling at these levels.
BRYAN, Tex. (KBTX) - Nearly 500 people have died from coronavirus so far around the world. The latest data shows more than 24,000 are infected.
As concerns about the Coronavirus spread worldwide, iBio in Bryan hopes to be part of the solution. The company is now at the center of developing and testing a potential vaccine.
iBio is expediting their work to find a treatment.
The company uses tobacco-related plants and a process called FastPharming. They grow plants under lights and then use bacteria to engineer the plants for vaccine development.
"What's so important about what iBio can do here is that we make our products very, very quickly so the platform lends itself to a rapid production of both vaccines as well as therapeutics in this case we're focusing on the vaccine," said Tom Isett, iBio Managing Director.
Isett says they are partnering with a Chinese company to develop and test a new vaccine for Coronavirus.
"So in Bryan, this is really the hub of where ultimately a vaccine could be produced using the technology from our Chinese partner or from other customers that we might have that want to use our manufacturing platform to produce a therapeutic," said Isett. "But for right now we're getting in the gene sequence and have it actually. We're going to use that to begin to produce a vaccine candidate and group of candidates for testing."
"The Brazos Valley is very much involved in solving many of the world's problems and I think iBio and this vaccine for the coronavirus is just another example of how the Brazos Valley and the talent pool comes and the industry partners and the community comes together," said Matt Prochaska, Brazos Valley Economic Development Corporation President and CEO.
"It’s been really great to have a partner like iBio here. iBio is a plant-based company and one of the things that they're looking at is how do they solve the problem to create a vaccine that would come from a relative of a tobacco plant," said Prochaska.
Before it was iBio, the facility was built to respond to global threats like a flu pandemic.
"So the building and the manufacturing capability as well as iBio's technology, something that we call FastPharming it uses plants and it's fast, were combined together here with the capabilities to be able to offer those rapid responses," said Isett. "And that's, of course, coming into play right here in Bryan, Texas right now in response to this global pandemic threat with the coronavirus."
The big question is how long is the timeline for finding a vaccine? Isett said they hope to have something that can be manufactured in several months.
But there's no guarantee.
“Well there’s no guarantees that it's going to work so the research has to occur and that’s what’s transpiring now and what’s so important about this is the faster you can get into testing and animals and then ultimately release something to people the better," Isett said.
Using FastPharming technology, iBio has also been able to create antibody candidates for Ebola and Dengue fever.
Recent IBIO News
- iBio to Participate in Upcoming Investor Conferences • GlobeNewswire Inc. • 09/03/2024 11:00:00 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/14/2024 09:24:33 PM
- iBio Expands Executive Leadership Team with Appointment of Kristi Sarno as Senior Vice President of Business Development • GlobeNewswire Inc. • 08/12/2024 08:30:00 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/06/2024 09:02:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/26/2024 01:03:41 PM
- Form S-3/A - Registration statement under Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 07/25/2024 09:05:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/09/2024 08:02:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:10:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/03/2024 08:08:04 PM
- iBio Closes Sale of Manufacturing Facility in Texas • GlobeNewswire Inc. • 06/03/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 10:55:47 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:32:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:30:55 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/13/2024 08:14:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 08:08:29 PM
- iBio Reports Fiscal Third Quarter 2024 Financial Results and Provides Corporate Update • GlobeNewswire Inc. • 05/13/2024 08:05:00 PM
- iBio and AstralBio Announce Transformative AI drug discovery Collaboration to Rapidly Develop Novel Antibodies for Obesity and Cardiometabolic Diseases • GlobeNewswire Inc. • 03/27/2024 11:00:00 AM
- iBio Announces $15.0 Million Private Placement • GlobeNewswire Inc. • 03/26/2024 11:35:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/26/2024 12:59:30 PM
- iBio Announces Sale of Preclinical PD-1 Agonist Antibody Program to Otsuka • GlobeNewswire Inc. • 02/26/2024 12:45:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 09:55:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/19/2024 09:36:09 PM
- iBio Announces Participation in 23rd Annual PepTalk Conference • GlobeNewswire Inc. • 01/16/2024 01:15:00 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 01/10/2024 06:24:39 PM
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