YUMAB spin-off CORAT Therapeutics develops SARS-CoV-2 neutralizing antibody therapy
Braunschweig, June 16, 2020 – Today YUMAB announces the first financing round of its spin-off CORAT Therapeutics GmbH to advance the development of COVID-19 antibody drug candidates. Financial investments are provided by the German Federal State of Lower Saxony and a group of private investors from Braunschweig. CORAT Therapeutics will continue the pre-clinical development of the lead antibody drug candidate to potentially begin clinical development by the end of 2020.
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Dr. Thomas Schirrmann, CEO
Phone: +49-531 481170-0