Arcturus leaps as it out-licenses mRNA technology
Arcturus Therapeutics (Nasdaq: ARCT), a US messenger RNA (mRNA) company focused on the development of infectious disease vaccines, saw its shares rocket up nearly 24% to $22.63 yesterday on news of what could be an up to $4.5 billion deal relating to its technology.
Australian biotech CSL Limited (ASX: CSL); via its CSL Seqirus unit, has entered into a collaboration and license agreement with Arcturus to access the firm’s late-stage self-amplifying mRNA (sa-mRNA) vaccine platform technology.
Arcturus is currently developing next generation mRNA vaccines. It has developed a COVID-19 vaccine candidate and has recently reported results from a large Phase III vaccine efficacy study, meeting its primary and secondary endpoints of prevention of infection and severe disease with a favorable safety and tolerability profile.
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