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AbCellera was founded in and has developed a drug discovery platform that searches and analyzes immune systems to find antibodies that can be used to prevent and treat disease. The round also saw participation from Eli Lilly and Company Lilly , an American pharmaceutical company that also entered into a multi-year strategic research partnership and license agreement with AbCellera.

Prior to going public, the company was granted interim authorization by Health Canada for a human antibody it developed in collaboration with Lilly. In clinical trials, the treatment proved to reduce viral load, symptoms, and hospitalizations for patients with mild to moderate COVID Image source Unsplash.

Meagan is the Associate Editor for BetaKit. A tech writer that is super proud to showcase the Canadian tech scene. Background in almost every type of journalism from sports to politics. Lilly released proof-of-concept data in September showing reduced hospitalization rates for patients treated with the antibody therapeutic. The pharmaceutical company reported the rate of hospitalizations and emergency room visits for those treated with bamlanivimab was 1.

Meanwhile, the U. The antibody treatment was developed over three months with co-operation from Vaccine Research Center at the National Institute of Allergy and Infectious Diseases after the organizations identified it from a blood sample taken from one of the first U. The first patients were dosed at medical centres in the U. View comments.

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