Financial PerformanceNet income was $24.9M, or $0.03 per diluted share, beating our estimated loss of $66.5M due to $121.5M of gain on sale of assets.
Strategic PartnershipsModeX Therapeutics entered into an exclusive worldwide license and collaboration agreement with Merck for the development of MDX-2201—a preclinical nanoparticle vaccine candidate targeting the Epstein-Barr virus.
Vaccine DevelopmentMDX2201 has the potential to become the first EBV vaccine cleared for marketing in the U.S., addressing a virus with no current FDA-approved vaccine or treatment.