SEPTEMBERASIA BUSINESS OUTLOOK8NEWSROOMACROBiosystems, a leading global biotechnology company, signed a strategic Memorandum of Understanding (MoU) with DAAN Biotherapeutics, a clinical-stage biotech focused on precision immuno-oncology, to expedite the development and commercialization of future-proof immunotherapies.The collaboration defines a multi-aspect platform consisting of solid supply of high-performance bioreagents, technical partnership to develop drugs, and collaborative research and data sharing. The two firms have set their goal to break current barriers in immunotherapy through the integration of ACROBiosystems' high-performance bioreagent and GMP-grade raw material expertise with DAAN's proprietary immune-modulation platform."ACROBiosystems is a quality-driven partner with the ability of technological innovation. This alliance will not only improve our effectiveness in the transition from preclinical to clinical development but also advance our expansion into global clinical trials more quickly." stated Byoung Chul Cho, CEO of DAAN Biotherapeutics.ACROBiosystems offers recombinant proteins, antibodies, kits, and scientific services with a core emphasis on cell and gene therapy solutions through its Resilient Supply model. Its GMP Manufacturing Base with dual ISO 9001/GMP certification provides audit-ready compliance and bulk supply of key raw materials.DAAN Biotherapeutics, on the other hand, is working on an immune-modulation platform that selectively engages T cells inside the tumor microenvironment in order to lower toxicity and resistance to regular treatments. Its pipelines currently have its lead program in preclinical trials and pending global clinical trials, with further potential in autoimmune and rare diseases."This partnership with DAAN Biotherapeutics represents a very significant strategic landmark. We are anticipating this alliance to create synergistic benefits not just in precision therapeutics, but also to the rest of the Korean biotech sector." added Yong Chan Cho, Country Manager of ACROBiosystems Korea. Abu Dhabi National Oil Company (Adnoc) has inked a 15-year deal to deliver 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to Indian Oil Corporation (IndianOil), boosting the UAE's energy cooperation with India.The LNG will be supplied from Adnoc's lower-carbon Ruwais LNG project in Abu Dhabi Al Ruwais Industrial City, which is due to start commercial operations in 2028. Cargoes under the agreement will be shipped to Indian ports to serve the country's increasing energy needs, state news agency WAM said."India is a strategic energy partner of ours, and this deal is another milestone in our long-term relationship. With the Ruwais LNG project, we are driving lower-carbon energy solutions while ensuring reliable supplies to meet demand in the future." stated an Adnoc spokesperson.The deal makes IndianOil Adnoc's biggest LNG customer by 2029, with combined offtake of 2.2 mtpa to 1.2 mtpa from Adnoc's current Das Island facilities and 1 mtpa from Ruwais.So far, over 8 mtpa of Ruwais' 9.6 mtpa capacity has already been booked under long-term contracts with international buyers."This transaction will be instrumental in securing India's energy security while strengthening our cooperation with the UAE under the CEPA umbrella," an IndianOil official said.The long-term agreement comes on the heels of other recent Adnoc Gas deals with Indian consumers, such as a 0.5 mtpa supply to Hindustan Petroleum and a 10-year deal with Gail India. ACROBIOSYSTEMS & DAAN PARTNER TO ADVANCE IMMUNOTHERAPIESADNOC & INDIANOIL SIGN 15 YEAR LNG SUPPLY DEAL· ACROBiosystems signs MoU with DAAN Biotherapeutics to accelerate precision immunotherapy development and commercialization· Collaboration covers bioreagent supply, drug development, and joint research, combining ACRO's GMP expertise with DAAN's immune-modulation platform· Leaders expect global impact, with DAAN CEO Byoung Chul Cho citing faster transition to clinical trials and ACRO Korea head Yong Chan Cho calling it a landmark for Korean biotech· Adnoc Signs 15-Year LNG Supply Deal With IndianOil· IndianOil to Become Adnoc's Largest LNG Customer by 2029· UAE and India Energy Ties Deepen With Ruwais LNG Agreement
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