DX&VX Selected for Korea's First ARPA-H Project in 2024, Focusing on Room Temperature and Extra-Long-Term Vaccine Storage Technology

November 02, 2024 12:00 AM AEDT | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp
  • Pioneering Korea's ARPA-H Project: Focused on mRNA Vaccine Room-Temperature Storage and Extra-Long-Term Preservation
  • Creating a Platform for Prolonged Room-Temperature Storage and Efficient Distribution of mRNA Vaccines

SEOUL, South Korea, Nov. 1, 2024 /PRNewswire/ -- On October 30, a Korean Biotech company, DX&VX(www.dxvx.com; KOSDAQ 180400, Majority shareholder Lim Chong-yoon) announced its selection as a co-research institution for Korea's first ARPA-H project, titled "STOREx: Stockpile Technology to Omit Repeated Entity for Vx." This groundbreaking initiative aims to establish materials and production processes to enable room-temperature, ultra-long-term storage of mRNA vaccines. DX&VX will lead the verification of genomic integrity of the mRNA vaccine technology, a crucial step toward commercialization.

Modeled after the U.S. ARPA-H initiative, the Korean ARPA-H project is managed by the Korea Health Industry Development Institute (KHIDI) and seeks to resolve major healthcare challenges through innovation. This specific project centers on advancing technology for the extra-long-term, room-temperature preservation of mRNA vaccines, thereby enhancing national health security and bolstering rapid pandemic response capabilities.

Led by Professor Seung-Soo Oh from Pohang University of Science and Technology (POSTECH), the project includes a consortium of institutions: DX&VX, Korea University, Gwangju Institute of Science and Technology, Ewha Womans University, and Seoul Asan Medical Center. DX&VX will play a pivotal role in both technology validation and subsequent commercialization of this critical vaccine storage solution.

This project has secured a significant research fund of 8.5 billion KRW over five years, with an allocation breakdown of 1.5 billion KRW for the initial phase, 5 billion KRW for the second phase, and 2 billion KRW for the final phase.

Having previously collaborated with POSTECH on mRNA vaccine advancements, including lipid nanoparticle (LNP) technology, DX&VX will now concentrate on enabling room-temperature storage and extra-long-term preservation for mRNA vaccines. Given that current mRNA vaccines require ultra-cold storage and have limited shelf lives, these advancements are expected to ease distribution challenges, reduce costs, and foster a self-reliant national healthcare system, thus ensuring vaccine sovereignty in the face of future health crises.

"We will play a pivotal role in this project based on our expertise accumulated in the field of precision medicine, such as genomic integrity analysis technology", said Kevin Kwon, CEO of DX&VX. "The development of mRNA vaccine's room temperature extra-long-term preservation technology and mass production process technology is the best innovative technology that can change the game itself in the existing mRNA vaccine market. We will actively commercialize this technology to lead the development of domestic vaccines and grow it into a standard for the global mRNA vaccine platform."


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Two ASX Listed Stocks Giving Bullish Indications

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.