BioNTech enters CAR-T cell therapy collaboration with Autolus
German biotech BioNTech (Nasdaq: BNTX) and USA-based Autolus Therapeutics (Nasdaq: AULT) today announced a strategic collaboration aimed at advancing both companies’ autologous CAR-T programs towards commercialization, pending regulatory authorizations.
In connection with the strategic collaboration, the companies entered into a license and option agreement and a securities purchase agreement.
BioNTech, which has generated a pile of cash due to the huge success of its Pfizer (NYSE: PFE) partnered COVID-19 vaccine Comirnaty - that is already being invested in numerous collaborations, has now agreed to purchase $200 million of Autolus’ American Depositary Shares in a private placement, and will have a right to appoint a director to the board of Autolus, whose shares were up 2.9% at $6.32 pre-market.
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