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**CBP-312** is an immune modulator in early development by Connect Biopharma, a biotech company focused on inflammatory diseases. It is part of their pipeline alongside other candidates like CBP-174, CBP-233, and CBP-201 for atopic dermatitis and related conditions. Limited public data exists on its specific mechanism, but it is classified as a **GPCR modulator**, suggesting potential targeting of G protein-coupled receptors involved in immune regulation.[1][5]
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