Qyuns Therapeutics Co. Ltd. has announced that its bispecific antibody candidate, QX030N/CLD-423, has received approval from the Human Research Ethics Committee (HREC) in Australia to begin a Phase I clinical trial. This randomized, double-blind, placebo-controlled, dose-escalating study will assess the safety, tolerability, pharmacokinetics, and pharmacodynamics of QX030N/CLD-423 in healthy adults. Following the approval, Qyuns Therapeutics received a US$5 million milestone payment from its partner, Caldera Therapeutics, Inc. The approval marks the company's first entry of its bispecific antibody portfolio into the overseas clinical stage.
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