Benzinga | Aug 19, 2021 10:12AM EDT

Compugen's Out-Licensed Lung Cancer Candidate Enters Human Trial

* AstraZeneca Plc's (NASDAQ:AZN) bispecific antibody derived from Compugen Ltd's (NASDAQ:CGEN) COM902 will advance into clinical development.

* AstraZeneca plans to initiate a Phase 1/2 study evaluating AZD2936, a TIGIT/PD-1 bispecific antibody, in patients with advanced or metastatic non-small cell lung cancer.

* COM902 was licensed to AstraZeneca in 2018 exclusively to develop bispecific and multi-specific antibody products, with AstraZeneca responsible for all research, development, and commercial activities.

* Compugen retains all other rights to the program, except those licensed to AstraZeneca.

* Price Action: CGEN shares are down 1.51% at $5.89, and AZN stock is up 0.42% at $59.69 during the market session on the last check Thursday.