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Friday, March 31, 2023

Evelo (NASDAQ: EVLO) Announces Collaboration with Abdul Latif Jameel Health

Evelo Biosciences (NASDAQ: EVLO) declared Tuesday that it has inked a strategic partnership deal with Abdul Latif Jameel. Both the firms will join forces to create & market top candidate EDP1815 of EVLO in the Africa, Middle East, & Turkey. EDP1815 is an experimental oral pharmaceutical product created for the cure of inflammatory illnesses.

Not Long Ago, Evelo disclosed the positive Phase 1b information for the EDP1815. The firm is also carrying out a Phase 2 clinical investigation for EDP1815 in psoriasis, in addition to two studies in sufferers in the hospital with COVID-19.

EVLO and Abdul Latif Jameel Health both have joined forces to respond to the substantial gap in access to medical treatment in the most rapid-expanding inhabitants and an increase in the markets of the developing world. EVLO is delighted to be chosen as the collaborator of Abdul Latif Jameel Health.

Abdul Latif Jameel has gained recognition as a global investor and varied business which operates in some 30 markets over six continents with deep origins in the Middle East, Turkey, and North Africa. After the agreement, Evelo is the first biotechnology associate of Abdul Latif Jameel Health. It is striving to make efficient and cheap medications, and Abdul Latif Jameel Health will offer the essential resources necessary to help achieve this vision.

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