OmniAb, Inc. reports developments tied to its antibody discovery technology platform, partner pipeline and licensing model. The company licenses discovery research technology to pharmaceutical, biotechnology and academic partners, using engineered transgenic animals, Biological Intelligence™, computational antigen design, immunization methods, high-throughput single B-cell screening and sequencing-data mining to identify human antibody and target-binding protein candidates.
Recurring news includes quarterly financial results, partner program updates, new license agreements, milestone and royalty revenue, and technology launches such as OmniUltra™ and the xPloration® partner access program. Company updates also cover clinical and commercial progress of OmniAb-derived partnered programs, investor conference participation and corporate presentations focused on antibody discovery applications.
Ligand Pharmaceuticals has completed the spin-off of its OmniAb antibody discovery business, now known as OmniAb, Inc., which will begin trading on NASDAQ under the symbol 'OABI' from November 2, 2022. Ligand continues under the ticker 'LGND'. CEO John Higgins emphasized Ligand's focus on financial growth and highlighted a diversified portfolio of royalty revenues and late-stage programs. Executive updates include Matt Korenberg promoted to President and COO, Tavo Espinoza as CFO, and Andrew Reardon as Chief Legal Officer. Ligand will relocate its headquarters to Las Vegas, Nevada.