Astellas and Poseida enter second research collaboration
San Diego, USA-based clinical-stage cell and gene therapy company Poseida Therapeutics (Nasdaq: PSTX) saw its shares close up more than 20% at $2.92 yesterday, when it revealed a second collaboration with Japanese drug major Astellas Pharma (TYO: 4503).
Astellas’ wholly-owned Xyphos Bioscience and Poseida have entered into a research collaboration and license agreement to develop novel convertible CAR programs by combining the innovative cell therapy platforms from each of the companies.
The new comes less than a year after Astellas linked up with Poseida to help build out its immuno-oncology pipeline,
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