Biesterfeld Petroplas Ltd is a leading polymer distributor in the United Kingdom and has been since 1986. Biesterfeld Petroplas has partnerships with some of the world's largest producers of both commodity and engineering polymers. Contact online >>
Biesterfeld Petroplas Ltd is a leading polymer distributor in the United Kingdom and has been since 1986. Biesterfeld Petroplas has partnerships with some of the world''s largest producers of both commodity and engineering polymers.
These partnerships have been developed over many years, which has allowed us to maintain a wide ranging portfolio to serve most industries. Some of these suppliers include Celanese, CP Chem, LG Chem, DuPont, Solvay, Chimei, ExxonMobil, Grupa Azoty, Dow, SK Chemicals, BASF and Plastic Bank. Furthermore Biesterfeld Petroplas offers rubbers and speciality chemical products and solutions
Solid application expertise, formulation know-how and a product portfolio carefully tailored to the needs of selected industries define the company''s approach. With a highly experienced and technical sales team, we offer unparalleled service levels to our customers. We have logistics partners strategically placed across the United Kingdom and Ireland which allows us to offer a competitive, flexible delivery service.
Portfolio UK & Ireland
ISO 9001:2015 certificate
Sales Manager UK &Ireland
Sales Manager Performance Rubber & Chemcals UK & Ireland
Avacta Group plc (AIM: AVCT), the developer of Affimer ® biotherapeutics and reagents, is pleased to announce the expansion of its existing multi-target collaboration and development agreement with LG Chem Life Sciences (LG Chem), the life sciences division of the South Korean LG Group, to include new programmes incorporating Avacta''s Affimer XT™ serum half-life extension system.
In December 2018, Avacta and LG Chem entered into a multi-target therapeutics development agreement to develop Affimer therapeutics in several disease areas potentially worth over $300m to Avacta. The companies have today agreed to expand this drug development partnership to include Avacta''s Affimer XT technology, which can be used to control the time a drug spends in the circulation.
The expansion of the partnership includes an undisclosed additional upfront payment, plus near-term pre-clinical milestones and longer-term clinical development milestones totaling $98.5m for two therapeutics to be developed using the Affimer XT technology. Under the terms of the extended agreement, LG Chem has the exclusive rights to develop and commercialise, on a world-wide basis, Avacta''s Affimer PD-L1 inhibitor with Affimer XT serum half-life extension.
The expanded partnership also provides LG Chem with rights to develop and commercialise other Affimer and non-Affimer biotherapeutics combined with Affimer XT half-life extension for a range of indications and Avacta could earn up to $55m in milestone payments for each of these new products. In addition, under the agreement Avacta will earn royalties on all future Affimer XT product sales by LG Chem.
Dr. Alastair Smith, Chief Executive of Avacta Group commented: "I am delighted with this expansion to the agreement with LG Chem, with whom we have developed a strong collaborative partnership. LG Chem is a world-class drug development partner with excellent biologics manufacturing and clinical development capabilities and a pioneering vision to develop innovative therapies.
The expansion of our collaboration to develop new therapies for patients with cancer and other diseases is another strong validation of the Affimer technology and its potential as a therapeutic platform to deliver a pipeline of new drugs.
We look forward to developing these new therapies with our partners, LG Chem, and I look forward to updating the market on this and our other drug development and diagnostics progammes in due course."
This announcement contains information which, prior to its disclosure, was considered inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 (MAR).
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