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Genprex Strengthens Diabetes Focus with New License

Story Highlights
  • Genprex signs an exclusive license with the University of Pittsburgh for diabetes gene therapy.
  • Genprex forms Convergen Biotech, Inc. to focus on diabetes developments separately.
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Genprex Strengthens Diabetes Focus with New License

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The latest update is out from Genprex ( (GNPX) ).

Genprex has entered into a new exclusive license agreement with the University of Pittsburgh, consolidating prior agreements to focus on diabetes gene therapy, targeting Type 1 and Type 2 diabetes. This move strengthens Genprex’s intellectual property portfolio and positions it to potentially disrupt the diabetes market, with the formation of a subsidiary, Convergen Biotech, Inc., to advance the diabetes program separately from its oncology focus.

More about Genprex

Genprex, Inc. is a clinical-stage gene therapy company focusing on developing therapies for cancer and diabetes. The company collaborates with world-class institutions to provide novel treatment approaches, including its innovative diabetes gene therapy that uses an AAV vector to deliver specific genes to the pancreas.

YTD Price Performance: -51.11%

Average Trading Volume: 835,995

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $3.75M

For a thorough assessment of GNPX stock, go to TipRanks’ Stock Analysis page.

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