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Promatix Biosciences Awarded Innovate UK Biomedical Catalyst Grant to Advance First-in-Class EGFR × EphA2 Cis-Bispecific ADCPromatix Biosciences Awarded Innovate UK Biomedical Catalyst Grant to Advance First-in-Class EGFR × EphA2 Cis-Bispecific ADC
London and Cambridge, UK, July 28, 2026 (GLOBE NEWSWIRE) -- Promatix Biosciences Ltd (Promatix), an emerging UK-based biotechnology company developing innovative new classes of cancer therapies using cis-bispecific antibodies, today announced that it has been awarded a grant under the Innovate UK Biomedical Catalyst 2025: Industry-led R&D small projects competition. The funding will support continued development of the Company's lead programme, PBS293-exatecan, a first-in-class EGFR × EphA2 cis-bispecific ADC for the treatment of CRC and other solid tumours. The award will fund the scale-up and conjugation of PBS293 with an exatecan payload, additional preclinical proof-of-concept studies in both CDX and PDX models of CRC, and IND-enabling regulatory safety studies to support the nomination of PBS293-exatecan as a development candidate. In parallel, Promatix will apply its discovery platform to evaluate oesophageal cancer and NSCLC as additional indications. The work will be conducted with established UK-based contract research organisations, including Abzena, Crown Bioscience and Labcorp UK. PBS293 targets EGFR and EphA2, two antigens co-expressed on colorectal tumour cells. While EGFR is a clinically validated target in CRC, the benefit of EGFR-targeted antibodies such as cetuximab is limited to a subset of patients and constrained by toxicity arising from EGFR expression in healthy tissue. Building on previously reported preclinical data, Promatix has advanced an exatecan-based conjugate, selected for its established clinical safety profile and efficacy. In preclinical studies, PBS293-exatecan has demonstrated potent killing of colorectal cancer cell lines while substantially sparing normal human keratinocytes and endothelial cells — consistent wth the tumour-selective “AND-gate” design intended to widen the therapeutic window. “This award from Innovate UK enables us to generate the additional preclinical data needed to move PBS293-exatecan towards development candidate nomination,” said Dr. Roy Pettipher, Chief Scientific Officer and Co-Founder of Promatix. “By scaling up our lead conjugate and testing it in both cell-line and patient-derived models, alongside the regulatory safety studies expected for an ADC, we plan to assemble the industry-standard data package that partners and investors are looking for. PBS293-exatecan combines potent tumour-cell killing with sparing of normal skin and vascular cells in our preclinical work, reflecting the tumour selectivity that is central to our cis-bispecific approach.” “Non-dilutive funding of this kind is strong external validation of both our lead programme and the proteomics-driven discovery platform behind it,” said Dr. Michael Hunter, CEO and Co-Founder of Promatix. “It will enable us to advance PBS293-exatecan in colorectal cancer while extending the same logic-gated approach to further solid tumours, including oesophageal and non-small cell lung cancer. Generating robust efficacy and safety data in this programme is a key inflection point that we expect to underpin a future pharma partnership and to support our planned Series A financing, enabling us to build a broader pipeline of tumour-selective bispecific ADCs from a UK base.” The programme reinforces Promatix's integrated platform, which combines large-scale tumour surface proteomics with logic-gated computational modelling to identify complementary antigen pairs and expand the universe of tumour-selective targets available for next-generation ADCs. EGFR × EphA2 was identified and prioritised through this platform, and success in the funded programme is intended to provide further validation of the approach across additional cancer indications. About PBS293-exatecan About the Innovate UK Biomedical Catalyst About Promatix Biosciences Ltd The Company's approach centres on identifying optimal combinations of cancer surface markers for cis-bispecific “AND-gate” targeting, in which strong binding, payload delivery and uptake occur only when two distinct antigens are present on the same tumour cell. This dual-antigen engagement is designed to enhance tumour selectivity. By exploiting hybrid avidity, Promatix aims to reduce on-target off-tumour toxicity, enhance efficacy and expand the range of targets that can be addressed with ADCs. At the core of the platform is TxPro, a comprehensive tumour surface proteomics database covering membrane proteins across multiple cancer types. TxPro is supported by proprietary computational analytics (CipherPro) to systematically mine tumour-selective antigen pairs, affinity-engineering capabilities (AviPro) to optimise bispecific engagement, and a modular functional validation framework for rapid evaluation and lead selection (BiPro). Promatix is developing a pipeline of novel bispecific ADCs in colorectal cancer and additional solid tumour indications. For more information, visit www.pro-matix.com and follow us on LinkedIn.  CONTACT INFORMATION: Promatix Biosciences Ltd [email protected] MEDIA CONTACT: MC Services AG Julia Bittner +49 211 529 252 28 In the US: Laurie Doyle +1 339 832 0752 [email protected]
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