The amendment expands AditxtScore's clinical utility for personalizing the selection of the right treatment for individuals and monitoring their response to the treatment
Aditxt, Inc. ("Aditxt" or the "Company") (NASDAQ:ADTX), a biotech innovation company with a mission to improve the health of the immune system, today announced it had signed an amendment to its February 3, 2020, Exclusive License Agreement with Stanford University, extending Aditxt's exclusive right to license the technology deployed in AditxtScore™and securing worldwide exclusivity in all fields of use of the licensed technology (the "Technology").
The Technology is a highly sensitive and accurate method of detecting and quantifying cellular responses, allowing greater specificity, quantification, and amplification of clinical and commercial opportunities. The Technology underpins the AditxtScore™ platform, allowing for a standardization of cellular assays. These assays can then be used as a development platform for clinical utility. Applications of the Technology can be used to profile individuals to select appropriate therapies and assess immune status before, during, and after therapeutic intervention.
"We are grateful for this continued and expanded license to apply this Technology to additional fields including organ transplantation, disease detection, drug development, and vaccine design," stated Amro Albanna, Co-Founder and CEO of Aditxt. "Less than one year ago, we signed this strategic exclusive licensing agreement. Since then, we have advanced the development of the Technology, established our AditxtScore Immune Monitoring Center in Richmond, VA, secured CLIA and CAP accreditation, and became Medicare licensed," Albanna added.