THE WOODLANDS, Texas, Sept. 17, 2018 /PRNewswire-PRWeb/ -- VGXI, an industry leading plasmid DNA contract manufacturer,
The agreement will additionally enable VGXI's parent company, GeneOne Life Science, to leverage the design capabilities provided by Houston Methodist and the research team led by John Cooke, MD, PhD for development of new RNA vaccines and therapies.
Driven by successes in preclinical and early clinical studies, RNA based therapeutics and vaccines are developing rapidly, with an estimated market value of $1.2B by 2020. In particular, groundbreaking new therapies such as genome editing often require both RNA and DNA components, highlighting the necessity of a one-stop solution for supply of these products. This licensing agreement will support the growing industry by complementing VGXI's existing DNA services and increasing access to the acclaimed expertise and clinical RNA production methods developed by the team at the Research Institute RNAcore.
Anticipating the agreement, VGXI is already nearing completion of a facility expansion that includes purpose-built GMP production areas for RNA synthesis. Technology transfer in support of these new services is expected to commence immediately. "RNA vaccines and therapeutics are the future of nucleic acid based technologies," stated Young K. Park, President and CEO of VGXI. "With this license VGXI looks forward to being able to offer both RNA and DNA contract manufacturing for our clients."
ABOUT HOUSTON METHODIST Houston Methodist Hospital is ranked as one of the nation's best hospitals and the #1 hospital in Texas by US News & World Report. The Houston Methodist central campus includes the flagship hospital and the Houston Methodist Research Institute, located in the heart of the Texas Medical Center, the largest medical center in the world. The RNAcore at the Research Institute, directed by professor and chair, John Cooke, MD, PhD is a leader in RNA synthesis and generate both research and clinical grade RNA constructs including mRNA, modified mRNA (mmRNA), microRNA cassettes, and noncoding RNA. In addition to manufacturing methods, the RNAcore has also developed exceptional technologies for improved stability of RNA products and enhanced delivery of nucleic acid based therapies. Beginning as a core group for the Progenitor Cell Biology Consortium of the National Heart, Lung, and Blood Institute, the RNAcore is now also supported by the Cancer Prevention Research Institute of Texas, to further the development of cutting-edge RNA technologies. For more information, visit http://houstonmethodist.org/RNAcore
ABOUT VGXI, INC. VGXI, Inc. has over 15 years of experience and is a leading provider of manufacturing and development services for DNA vaccines and gene therapies. The company has a reputation of success in manufacturing DNA products under cGMP conditions for clinical trials in the US, EU, Asia, Canada, and Australia, and its cGMP and non-GMP products have passed rigorous reviews by several international regulatory agencies. VGXI's ability to work with unique requirements and create custom manufacturing solutions is based on its patented manufacturing process, flexible cGMP production facility, and experienced development team. VGXI, Inc. is a wholly-owned subsidiary CMO of GeneOne Life Science, Inc. To learn more or request a quote, visit https://www.vgxii.com
ABOUT GENEONE LIFE SCIENCE GeneOne Life Science Inc. ("GeneOne" KOSPI: 011000) is an international DNA vaccine and product developer and leading contract manufacturer of DNA plasmid-based agents for pre-clinical and clinical trials for global companies and institutions. It researches and develops DNA vaccines and products to prevent and treat incurable diseases in South Korea and internationally. The company is headquartered in Seoul, South Korea. VGXI, Inc., GeneOne's wholly-owned manufacturing subsidiary located in Texas, is the largest pure-play cGMP DNA plasmid manufacturing facility in the world. For more information, visit http://www.genels.com/en
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