Samsung Biologics signs strategic partnership with Kanaph Therapeutics to develop treatment for retinal diseases

INCHEON,South Korea,Sept. 24,2020 -- Samsung Biologics (207940.KS) and Kanaph Therapeutics have entered into a strategic partnership to develop KNP-301,a bi-specific Fc fusion protein intended to treat retinal diseases.

According to Kanaph Therapeutics,KNP-301 is designed to target autoimmune diseases by inhibiting the alternative pathway of the complement system. With the benefits of its bi-specific approach,it aims to successfully treat complement-mediated and angiogenesis driven retinal diseases by suppressing both C3b and VEGF simultaneously.

Under the agreement,Samsung Biologics will provide a full scope of its CDO services from cell line development,process development,non-clinical and clinical material manufacturing to IND submission.

"We are proud to announce our partnership with Kanaph Therapeutics for the development of their first biologics program," said Dr. Tae Han Kim,CEO of Samsung Biologics. "This partnership marks our standing as the most reliable CDMO partner with leading capabilities of providing high-quality development services. We will leverage our extensive expertise to expedite Kanaph Therapeutics' success in bringing advanced treatments for retinal disease to address the unmet medical needs of patients."

"We have decided to work with Samsung Biologics for the development of our first biologic program,in preparation for our global clinical trials," said Byoung Chul Lee,CEO of Kanaph Therapeutics. "This will mark the beginning of many biologic molecules in our pipeline to be developed for the clinic. In addition to partnering with a global CDMO such as Samsung Biologics,we will drive for the successful outcome of our regulatory and clinical strategies in partnership with our specialized KOLs and experienced CROs."

About Samsung Biologics Co.,Ltd.

Samsung Biologics (KRX: 207940.KS) is a fully integrated CDMO offering state-of-the-art contract development,manufacturing,and laboratory testing services. With proven regulatory approvals,the largest capacity at a single site,and the fastest throughput,Samsung Biologics is an award-winning partner of choice and is uniquely able to support the development and manufacturing of biologics products at every stage of the process while meeting the evolving needs of biopharmaceutical companies worldwide. For more information,visit www.samsungbiologics.com.

Media contact

Claire Kim cair.kim@samsung.com

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