Bio-Techne (TECH) said Tuesday it signed a licensing agreement with Monod Bio for exclusive commercial rights to a subset of NovoBody Duo molecules, a new class of AI-designed bispecific binding proteins.
NovoBody Duo molecules are designed to provide multi-specific binding capabilities for advanced research and diagnostic applications, the company said.
The agreement expands Bio-Techne's protein portfolio to support discovery of new biological insights and development of advanced therapeutics, the company said.
Financial terms of the agreement were not disclosed.