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Wuhan ABconal Acquires Boston mAb Drug Developer Yurogen

publication date: Mar 5, 2021

ABclonal Biotechnology, a Wuhan life science tools and services provider, acquired Yurogen Biosystems of Boston. Yurogen is a drug discovery CRO dedicated to monoclonal antibody discovery using its single-B-cell-based SMabTM platform. ABclonal positioned the acquisition as its first step toward expanding its footprint from academic research reagents to the in vitro diagnostic and pharmaceutical industries. In February, ABclonal closed a $93 million Series C round, saying it would soon announce a drug discovery acquisition. More details....

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