BioAtla out-licenses T cell therapy in $134 million deal

24 September 2024

BioAtla (Nasdaq: BCAB) has granted an exclusive global license to Context Therapeutics (Nasdaq: CNTX) for BA3362, a T cell-engaging antibody targeting solid tumors.

Under the agreement, BioAtla is eligible for up to $134 million in payments, including $15 million upfront and near-term milestones.

BA3362 targets Nectin-4, a protein overexpressed in several cancers, and is based on BioAtla’s proprietary Conditionally Active Biologic platform.

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