4basebio (4BB)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

 1,300.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 1,820.00
  • 52 Week Low: 545.00
  • Currency: UK Pounds
  • Shares Issued: 15.48m
  • Volume: 2
  • Market Cap: £201.21m
  • Beta: 0.18

4basebio files for patent on novel DNA type

By Josh White

Date: Tuesday 22 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Specialist gene therapy life sciences company 4basebio UK has filed a patent application for a novel protected and stabilised linear synthetic DNA type, dubbed 'osDNA', it announced on Tuesday.
The AIM-traded firm explained that DNA is susceptible to degradation by nucleases, which are naturally-occurring enzymes within organisms, and which have a vital role in the regulation of many cellular processes while also protecting against foreign DNA species.

Enzymatic DNA degradation can render gene therapies ineffective, and is a "substantial consideration" when developing gene therapies or DNA vaccines.

The company said the osDNA product had demonstrated increased longevity compared to conventional DNA types.

Unlike 'hpDNA', which is a closed DNA construct, 4basebio said osDNA is open linear DNA and incorporates all of the established benefits of hpDNA over widely-used plasmid DNA, in particular the absence of bacterial backbone, antibiotic resistance genes or endotoxins.

As such, it claimed osDNA also benefited from a "high level" of purity.

Additionally, the company said a long terminal mono-nucleotide , or 'homopolymeric', sequence is an essential feature of high-quality mRNA.

Those types of sequences are known to be difficult to manufacture through plasmid fermentation.

It said osDNA is readily able to incorporate those sequences, positioning it as a "highly-suited template" for the production of mRNA products - an area of "significant" commercial opportunity for the company's products and technologies.

"We are delighted to have filed this patent, further developing and broadening our technology portfolio," said chief executive and scientific officer Dr Heikki Lanckriet.

"We see real opportunity to position osDNA as a key input for mRNA and DNA vaccine production, an area of the rapidly growing gene therapy and vaccine market attracting significant attention."

At 0846 BST, shares in 4basebio UK Societas were up 2.68% at 382.5p.

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4basebio Market Data

Currency UK Pounds
Share Price 1,300.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 1,820.00
52 Week Low 545.00
Volume 2
Shares Issued 15.48m
Market Cap £201.21m
Beta 0.18

4basebio Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
25.48% below the market average25.48% below the market average25.48% below the market average25.48% below the market average25.48% below the market average
28.00% above the sector average28.00% above the sector average28.00% above the sector average28.00% above the sector average28.00% above the sector average
Price Trend
69.52% above the market average69.52% above the market average69.52% above the market average69.52% above the market average69.52% above the market average
95.92% above the sector average95.92% above the sector average95.92% above the sector average95.92% above the sector average95.92% above the sector average
Income Not Available
Growth
35.87% above the market average35.87% above the market average35.87% above the market average35.87% above the market average35.87% above the market average
35.29% above the sector average35.29% above the sector average35.29% above the sector average35.29% above the sector average35.29% above the sector average

4basebio Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
16:04 2 @ 1,310.00p

4basebio Key Personnel

CEO Heikki Lanckriet
CFO David John Roth

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