Affimed partners with Artiva on combo therapies
Germany’s Affimed Therapeutics (Nasdaq: AFMD) saw its shares leap more than 17% to $1.98 today, after it revealed a collaboration with privately held US biotech Artiva Biotherapeutics.
Under the partnership, the companies will jointly develop, manufacture, and commercialize a combination therapy comprised of Affimed’s Innate Cell Engager (ICE) AFM13 and Artiva’s cord blood-derived, cryopreserved off-the-shelf allogeneic NK cell product candidate, AB-101.
Artiva already has a worldwide collaboration and license agreement with US pharma giant Merck & Co (NYSE: MRK) to develop novel CAR-NK cell therapies targeting solid tumors, under a deal signed in January 2021 that provided it with $30 million upfront and potential milestone payments of $612 million per program.
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