Adaptimmune shares leap on Galapagos deal
Belgian biotech Galapagos (Euronext & Nasdaq: GLPG) and Anglo-American biopharma Adaptimmune Therapeutics (Nasdaq: ADAP) have entered into a clinical collaboration agreement.
The deal includes an option to exclusively license Adaptimmune’s next-generation TCR T-cell therapy (uza-cel) targeting MAGE-A4 for head and neck cancer and potential future solid tumor indications, using Galapagos’ decentralized cell manufacturing platform.
Shares in Adaptimmune were 21% higher in pre-market trading on Friday following the announcement of the deal.
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