Coeptis Therapeutics Holdings, Inc. announced that Deverra Therapeutics, Inc. (“Deverra Therapeutics”) was selected by the Andy Hill CARE Fund, Washington’s Cancer Research Endowment, for two Life Science Start-Up and Development Awards.
Grants totaling approximately $3.5 million will support Deverra's CAR-NK and engineered myeloid cell programs in hematologic malignancies and solid tumors WEXFORD, Pa., Sept. 11, 2023 /PRNewswire/ -- Coeptis Therapeutics Holdings, Inc. (NASDAQ: COEP) ("Coeptis" or "the Company"), a biopharmaceutical company developing innovative cell therapy platforms for cancer, announced that Deverra Therapeutics, Inc. ("Deverra Therapeutics") was selected by the Andy Hill CARE Fund, Washington's Cancer Research Endowment, for two Life Science Start-Up and Development Awards. The recipients of the Life Science Start-up and Development awards were announced by the CARE Fund on June 8th following a competitive peer scientific review and selection process. The grant funds totaling close to $3.5 million will be used to support further pre-clinical work and product development plans for Deverra's CAR-NK and engineered myeloid cell programs in hematologic malignancies and solid tumors, respectively. Coeptis recently completed an exclusive license of key assets from Deverra Therapeutics related to its proprietary allogeneic stem cell expansion and directed differentiation platform for the generation of multiple distinct immune effector cell types, including natural killer (NK) and monocyte/macrophages. The Life Science Start-up and Development grant was established by The Andy Hill Cancer Research Endowment (CARE) Fund to support early-stage companies and innovative researchers to translate promising research into the development of tools, devices, or therapeutics related to cancer The Andy Hill CARE Fund, signed into law in 2015 strives to leverage Washington's existing cancer research facilities and talent to incentivize additional investment and to advance the biotech, medical device, and health care information technology industries in Washington. For more information about the Andy Hill CARE Fund, click here. "This competitive Life Science Start-Up award from the prestigious Andy Hill CARE Fund further acknowledges the high-level, innovative and important research that Deverra is progressing through pre-clinical/IND-enabling and clinical trials," said Dave Mehalick, President and CEO of Coeptis Therapeutics. "We congratulate the Deverra research and management teams and are excited by the potential to build synergies with Deverra's allogeneic, off-the-shelf NK and macrophage (MAC) immune effector cell platform and Coeptis' target specific CARs, which together potentially create opportunities to develop allogeneic NK and MAC cell therapies." About Coeptis Therapeutics Holdings, Inc. Coeptis Therapeutics Holdings, Inc., together with its subsidiaries including Coeptis Therapeutics, Inc. and Coeptis Pharmaceuticals, Inc., (collectively "Coeptis"), is a biopharmaceutical company developing innovative cell therapy platforms for cancer that have the potential to disrupt conventional treatment paradigms and improve patient outcomes. Coeptis' product portfolio and rights are highlighted by assets licensed from Deverra Therapeutics, including an allogeneic cellular immunotherapy platform and DVX201, a clinical-stage, unmodified natural killer cell therapy technology. Additionally, Coeptis is developing a universal, multi-antigen CAR T technology licensed from the University of Pittsburgh (SNAP-CAR), and the GEAR™ cell therapy and companion diagnostic platforms, which Coeptis is developing with VyGen-Bio and leading medical researchers at the Karolinska Institutet. Coeptis' business model is designed around maximizing the value of its current product portfolio and rights through in-license agreements, out-license agreements and co-development relationships, as well as entering into strategic partnerships to expand its product rights and offerings, specifically those targeting cancer. The Company is headquartered in Wexford, PA. For more information on Coeptis visit https://coeptistx.com/. Cautionary Note Regarding Forward-Looking Statements CONTACTS Coeptis Therapeutics, Inc. Tiberend Strategic Advisors, Inc. Media
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Company Codes: NASDAQ-NMS:COEP |