HCW Biologics Completes Deliverable and Solidifies License Agreement with WY Biotech

Core Insights - HCW Biologics has entered into a binding agreement with WY Biotech, earning a $7.0 million upfront payment for the licensing of the molecule HCW11-006, which is aimed at in vivo therapeutic applications [1][2] - The agreement includes potential additional milestone payments and royalties on future product sales, with HCW Biologics retaining the option to recapture rights for certain territories after Phase 1 clinical trials [2][3] Company Overview - HCW Biologics Inc. is a clinical-stage biopharmaceutical company focused on developing novel immunotherapies to combat diseases associated with chronic inflammation, particularly age-related diseases [4] - The company utilizes its proprietary TRBC drug discovery platform to create Multi-Functional Immune Cell Stimulators, which have shown effectiveness in preclinical studies for inducing anti-tumor responses without adverse side effects [3][4] - HCW Biologics has developed over 50 molecules using the TRBC platform, with ongoing preclinical evaluations for several promising candidates [4]