Firms ink multi-billion dollar deal to develop T cell therapies
British cell therapy specialist Adaptimmune Therapeutics (Nasdaq: ADAP) has entered into a strategic collaboration and license agreement with Genentech, a member of the Roche (ROG: SIX) group.
Under the terms of the deal, Adaptimmune will receive an upfront payment of $150 million, and the firms will commence work on development of allogeneic cell therapies to treat multiple oncology indications.
Unless the agreement is terminated, additional payments totalling $150 million will be made over a period of five years.
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