TAIZHOU, China, March 27, 2024 /PRNewswire/ — Jiangsu Recbio Technology Co., Ltd. (hereafter referred to as Recbio; stock code: 02179.HK) and Shanghai Rongsheng Biotech Co.,Ltd.(hereafter referred to as “Rongsheng Biotech”) successfully held a signing and project launch meeting for new adjuvant vaccine research and development project in Shanghai. At the meeting, the two parties signed a strategic cooperation agreement on the new adjuvant vaccine project and discussed in depth the details of project advancement.
According to the terms of the agreement, the two parties will jointly develop new adjuvant vaccines. Recbio will provide its new adjuvant independently developed based on the new adjuvant technology platform, and Rongsheng Biotech will provide its independently designed viral antigen. This project will empower existing Rongsheng Biotech vaccines under development with new adjuvants to improve immunogenicity and optimize the vaccination program.
Dr. Liu Yong, founder, chairman of the board and general manager of Recbio, said: “This cooperation is an important milestone for Recbio adjuvants to empower industry chain partners. New adjuvant play a crucial role in the development and application of innovative vaccines. Relying on its independently developed new adjuvant technology platform, Recbio has successfully developed a number of innovative vaccines with new adjuvants, with excellent clinical performance, high competitiveness and market potential. We look forward to achieving positive results from our strategic cooperation with Rongsheng Biotech, and believe that our cooperation will further promote the innovative development of human vaccines.”
Zhu Shaorong, founder and chairman of Rongsheng Biotech, said: “Rongsheng Biotech has built a key core technology platform for ‘virus + bacteria ‘vaccines based on independent innovation and research and development. It has large-scale production capabilities and has achieved technological innovation and upgrade breakthroughs in scientific research on a number of vaccine products under development. This strategic cooperation aims at cutting-edge vaccine innovation and market demand, making full use of the scientific research advantages and innovative achievements of both parties, and continuing to in-depth cooperation to jointly promote the development and commercialization of new adjuvant vaccines. We are full of confidence in working with Recbio to achieve strategic cooperation results and benefit human life and health and public health security with better clinical performance.”
About Recbio
Founded in 2012, Jiangsu Recbio Technology Co., Ltd. (hereafter referred to as Recbio or the Company; stock code: 2179.HK) is an innovative vaccine company propelled by internally developed technologies. Committed to our mission of “Protect human health with best-in-class vaccines”, we have cultivated a robust portfolio of vaccine products with exclusive rights, addressing the substantial unmet needs in the realm of high-impact infectious diseases. Over the course of more than two decades, Recbio has meticulously built three pioneering platforms: a novel adjuvant platform, a protein engineering platform, and an immunological evaluation platform, making us one of the few global companies capable of both developing and manufacturing the complete range of novel adjuvants.
Leveraging the close integration of our three platforms, we are consistently creating promising vaccine candidates. Fueled by these innovative platforms, the Company has forged a high-value portfolio of innovative vaccines, encompassing over ten potential blockbuster varieties. These encompass areas such as cervical cancer, shingles, RSV infection, and other prevalent high-burden diseases, and have emerged as leading products in terms of development and clinical progress in China.
Having been honed and refined over the course of a decade, Recbio is poised to reap the benefits as several products are nearing commercialization.
Forward-looking statements
This Press Release may contain projections, estimates, forecasts, targets, opinions, prospects, results, returns and forward-looking statements with respect to the financial condition, results of operations, capital position, strategy and business of the Group which can be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “anticipate”, “project”, “plan”, “estimate”, “seek”, “intend”, “target”, “believe”, “potential” and “reasonably possible” or the negatives thereof or other variations thereon or comparable terminology (collectively, “forward-looking statements”), including the strategic priorities, research and development projects, and any financial, investment and capital targets and any other targets, commitments and ambitions described in writing or verbally herein. Any such forward-looking statements are not a reliable indicator of future performance, as they may involve significant stated or implied assumptions and subjective judgements which may or may not prove to be correct, accurate or complete. There can be no assurance that any of the matters set out in the forward-looking statements are attainable, will actually occur or will be realised or are complete or accurate. The assumptions and judgments may prove to be incorrect, inaccurate or incomplete, and involve known and unknown risks, uncertainties, contingencies and other important actors, many of which are outside the control of the Group. There is also no assurance that the Group may develop or market its core products or other pipeline candidates successfully. Actual achievements, results, performance or other future events or conditions may differ materially from those stated, implied and/or reflected in any forward-looking statements due to a variety of risks, uncertainties and other factors (including without limitation general market conditions, regulatory changes, geopolitical tensions or data limitations and changes). Any such forward-looking statements are based on the beliefs, expectations and opinions of the Group at the date the statements are made, and the Group does not assume, and hereby disclaims, any obligation or duty to update, revise or supplement them if circumstances or management’s beliefs, expectations or opinions should change. For these reasons, you should not place reliance on, and are expressly cautioned about relying on, any forward-looking statements. No representations or warranties, expressed or implied, are given by or on behalf of the Group as to the achievement or reasonableness of any projections, estimates, forecasts, targets, commitments, prospects or returns contained herein.
Please refer to the announcements published by the Company on the websites of The Stock Exchange of Hong Kong Limited (www.hkexnew.hk) or of the Company (www.recbio.cn) for further details. If there is any inconsistency between this Presentation and the announcements, the announcements shall prevail.
Jiangsu Recbio Technology Co., Ltd.
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SOURCE Jiangsu Recbio Technology Co., Ltd.
