Comera Life Sciences Announces Collaboration with Quality Chemical Laboratories to Secure Proprietary Supply of SQore Excipients
20 July 2023 - 10:00PM
Comera Life Sciences Holdings, Inc. (Nasdaq: CMRA) (“Comera” or the
“Company”), a life sciences company developing a new generation of
biologic medicines to improve patient access, safety, and
convenience, today announced a partnership with Quality Chemical
Laboratories, Inc. (QCL) to manufacture one of Comera’s lead SQore™
excipients, as part of a broader strategy to secure the GMP
manufacturing and supply chain of key proprietary technology owned
by the Company.
“In addition to the substantial investment we
have made in the science behind our proprietary SQore platform, we
are building value by expanding our SQore patent portfolio and
ensuring supply and access to our lead SQore excipients,” said
Jeffrey Hackman, Chairman and Chief Executive Officer of Comera.
“Today’s announcement is an important step towards our strategic
goal of securing the manufacturing and supply chain for our
technology.”
“QCL is pleased to leverage its strong synthetic
and analytical chemistry expertise to advance Comera’s technology
platform,” said Dr. Yousry Sayed, President and CEO of QCL. “There
has been a growing trend towards bringing back manufacturing of
critical, high-value technologies such as pharmaceuticals to the
United States to reduce supply risk, ensure high quality production
and improve regulatory compliance. We are pleased to work with
Comera on this important initiative to help them secure the supply,
distribution and quality of their key technologies.”
Comera is helping companies transform their
intravenously administered (IV) biologics into patient delivered
subcutaneous (SQ) formulations using a validated and de-risked
approach that dramatically reduces time to clinic and
commercialization. Comera’s proprietary SQore platform integrates
computational modeling, a robust library of excipients, and
advanced formulation engineering to expedite the development of
patient-preferred biotherapeutic formulations, while fostering
novel intellectual property creation.
About Comera Life Sciences
Leading a compassionate new era in medicine,
Comera Life Sciences is applying a deep knowledge of formulation
science and technology to transform essential biologic medicines
from intravenous (IV) to subcutaneous (SQ) forms. The goal of this
approach is to provide patients with the freedom of self-injectable
care, reduce institutional dependency and to put patients at the
center of their treatment regimen.
To learn more about the Comera Life Sciences
mission, as well as the proprietary SQore™ platform, visit
https://comeralifesciences.com/.
Forward-Looking Statements
This press release includes “forward-looking
statements” within the meaning of the federal securities laws.
These forward-looking statements generally are identified by the
words “believe,” “project,” “expect,” “anticipate,” “estimate,”
“intend,” “strategy,” “future,” “opportunity,” “plan,” “may,”
“should,” “will,” “would,” “will be,” “will continue,” “will likely
result,” and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this document, including, but not
limited to: the Company’s ability to maintain the listing of its
securities on the Nasdaq Capital Market; the price of the Company’s
securities may be volatile due to a variety of factors, including
changes in the competitive and highly regulated industries in which
the Company plans to operate, variations in performance across
competitors, changes in laws and regulations affecting the
Company’s business and changes in the capital structure; the
Company’s ability to execute on its business plans, forecasts, and
other expectations and identify and realize additional
opportunities; the risk of economic downturns and the possibility
of rapid change in the highly competitive industry in which the
Company operates; the risk that the Company and its current and
future collaborators are unable to successfully develop and
commercialize the Company’s products or services, or experience
significant delays in doing so; the risk that we will be unable to
continue to attract and retain third-party collaborators, including
collaboration partners and licensors; the risk that the Company may
never achieve or sustain profitability; the risk that the Company
will need to raise additional capital to execute its business plan,
which may not be available on acceptable terms or at all; the risk
that the Company experiences difficulties in managing its growth
and expanding operations; the risk that third-party suppliers and
manufacturers are not able to fully and timely meet their
obligations; the risk that the Company is unable to secure or
protect its intellectual property; the risk that the Company is
unable to secure regulatory approval for its product candidates;
the effect of any resurgence of the COVID-19 pandemic or other
public health emergencies on the Company’s business; general
economic conditions; and other risks and uncertainties described in
Item 1A of Part I of the Company’s Annual Report on Form 10-K filed
with the SEC on March 17, 2023 under “Risk Factors” and in other
filings that have been made or will be made with the SEC. The
foregoing list of factors is not exhaustive. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and Comera assumes no obligation and does not intend to update or
revise these forward-looking statements, whether as a result of new
information, future events, or otherwise. Comera can give no
assurance that it will achieve its expectations.
Contacts
Comera Investor
John Woolford ICR Westwicke John.Woolford@westwicke.com
Comera Press
Jon Yu ICR WestwickeComeraPR@westwicke.com
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