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MBS-002 is an early discovery-stage **small molecule agonist** program from **MBS** directed against an **undisclosed target affecting T regulatory cell biology**. Based on the company pipeline description, the program is intended to modulate **Treg biology** through agonism of a confidential target, but no specific molecular target, disease indication, route of administration, formulation, or clinical data have been publicly disclosed. The asset appears to remain in **preclinical discovery / early lead generation**.
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