Ibio Acquires Rubryc Therapeutics’ Ai Drug Discovery Platform And Pipeline
Sep 21, 2022•about 3 years ago
Acquiring Company
iBio
Acquired Company
RubrYc Therapeutics
San DiegoSan CarlosManufacturingBiotechnologyScience And EngineeringHealth CareDescription
iBio, Inc. (NYSEA:IBIO) (“iBio” or the “Company”), a developer of next-generation biopharmaceuticals and pioneer of the sustainable FastPharming® Manufacturing System, today announced that it closed on the acquisition of substantially all of the assets of its partner, RubrYc Therapeutics, Inc. (“RubrYc”) after it entered into a definitive asset purchase agreement (the “Purchase Agreement”). The transaction marks another important step toward iBio’s mission to bring more – and better – immunotherapies to the clinic, faster, with its continued transformation into a biopharmaceutical discovery and development company.
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