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MILAN - Genenta Science (NASDAQ:GNTA), a clinical-stage biotech company with a market capitalization of $61.84 million, and Anemocyte announced Friday a strategic collaboration focused on off-the-shelf lentiviral vector (LVV) Plasmid DNA technology. According to InvestingPro data, Genenta maintains a strong financial position with more cash than debt on its balance sheet.
The partnership expands on the companies' existing relationship in plasmid DNA production, according to a press release statement. The collaboration will leverage Genenta's LVV Plasmid DNA technology, which was developed from research by Professor Luigi Naldini, Genenta's co-founder. With a current ratio of 13.2, Genenta demonstrates strong short-term liquidity to support its operations and partnerships.
Through this agreement, Anemocyte will enhance its offerings to clients with access to materials ranging from R&D to GMP grade, and from preclinical to commercial stages.
"By making our clinically validated LVV Plasmid DNA technology platform available to Anemocyte and its clients, we are contributing to the reliable and scalable development of advanced therapy programs across the industry," said Pierluigi Paracchi, CEO at Genenta Science.
Marco Ferrari, CEO at Anemocyte, noted that the formalized partnership will ensure clients have access to "a robust, well-established platform for their advanced therapy programs."
Anemocyte is an Italy-based Biotech Manufacturing Organization specializing in research, development, and production of pDNA and mRNA with over 25 years of experience in innovative therapies.
Genenta Science is a clinical-stage immuno-oncology company developing Temferon, a proprietary hematopoietic stem cell therapy for solid tumor cancers. The company has completed a Phase 1 trial for newly diagnosed Glioblastoma Multiforme patients with an unmethylated MGMT gene promoter. While analyst price targets range from $20.81 to $24.79, investors should note that the company is currently burning through cash rapidly. InvestingPro subscribers can access additional key financial metrics and 4 more exclusive ProTips to better evaluate this investment opportunity.
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