BioNTech to acquire R&D program and production site from Kite

19 July 2021
biontech-large-1

German biotech BioNTech (Nasdaq: BNTX) has entered into a purchase agreement to acquire Gilead Sciences’ (Nasdaq: GILD) subsidiary Kite’s solid tumor neoantigen T cell receptor (TCR) R&D platform and clinical manufacturing facility in Gaithersburg, Maryland.

BioNTech has largely been in the news because of its development of the Comirnaty/BNT162b2 COVID-19 vaccine, in partnership with US pharma giant Pfizer (NYSE: PFE), which generated sales of around $3 billion for the German firm in the first quarter of this year. However, BioNTech also has a broad portfolio of oncology candidates, including individualized and off-the-shelf mRNA-based therapies, as well as innovative immuno-oncology treatments, targeted cancer antibodies and small molecules.

The acquired Gaithersburg facility will provide production capacity to support clinical trials in the USA and will complement BioNTech’s existing cell therapy manufacturing facility in Idar-Oberstein, Germany. The facility will support the development of BioNTech’s expanding pipeline of novel cell therapies, including cancer product candidates based on its CAR-T Cell amplifying mRNA vaccine (CARVac) and NEOSTIM platforms as well as the newly acquired individualized neoantigen TCR program.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK

Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Biotechnology