CRISPR company Snipr Biome has an exciting year ahead, as the US Food and Drug Administration (FDA) has approved the company's application to initiate a phase I clinical trial with the company's first development candidate, SNIPR001, which is designed to target E. coli in the gut, a press release announces.
"The Snipr Biome team is excited about this important milestone, and we are looking forward to initiating the clinical trial in the US later this year, testing our unique CRISPR technology. SNIPR001 is our most progressed asset, and we are very proud of the team effort that brought us here," Co-Founder and CEO at Snipr Christian Grøndahl says in the statement.
More from MedWatch
In 2015, Genmab partnered with relatively unknown biotech firm Biontech. Reflecting on how far Genmab has come since, CEO Jan van de Winkel is still confident that partnerships, rather than acquisitions, are the way forward. If it had acquired Biontech at the time, the CEO speculates Genmab may have put a stop to other activities – including the Covid-19 vaccine efforts that went on to save millions of lives. This and fairness are worth remembering as biotech firms are increasingly strapped for cash, van de Winkel reflects.