Full Spectrum Genetics Announces Extension of Its Corporate Partnership With a Leading Global Pharmaceutical Company

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SOUTH SAN FRANCISCO, Calif., Nov. 21, 2013 (GLOBE NEWSWIRE) -- Full Spectrum Genetics, Inc., a privately-held protein engineering platform and product company, today announced the extension of their first project with a leading global pharmaceutical company for the purpose of generating multiple novel therapeutic protein product candidates. The extended project will utilize FSG's new competitive MapEng™ system to provide information on the specificity of the therapeutic protein variants discovered during the initial phase of the project.

Under the terms of the agreement, the leading global pharmaceutical company has worldwide rights to develop and commercialize product candidates arising from the collaboration. Full Spectrum Genetics will receive two cash payment upon completion of the two sub-projects. Additional terms were not disclosed.

About Full Spectrum Genetics

Founded in 2010, Full Spectrum Genetics, Inc. is a privately-held protein engineering platform and product company. The Company's MapEng™ platform enables the ultra-high throughput quantification of the effect on binding of every possible single amino acid substitution within a protein binding site. The MapEng™ platform provides a comprehensive analysis of protein structure-function relationships, with multiple applications for generating better biotherapeutics and diagnostics. Full Spectrum Genetics' activities cover the spectrum from antibody discovery to generating proteins with improved properties including modulation of binding affinity to one or more targets, de-immunization, humanization, half-life extension and increased stability. For more information on Full Spectrum Genetics and its MapEng™ platform, visit www.fsgene.com.

CONTACT: Bob DuBridge CEO Full Spectrum Genetics, Inc. 650-754-7384 bob@fsgene.com

Source:Full Spectrum Genetics, Inc.