bluebird bio in licensing deal with ViroMed for CAR T therapies
USA-based bluebird bio (Nasdaq: BLUE) and South Korean firm ViroMed (KOSDAQ:084990) have entered into an exclusive license agreement to research, develop and commercialize chimeric antigen receptor (CAR) T cell therapies using ViroMed’s proprietary humanized antibody to an undisclosed cancer target for solid tumors.
Under the terms of the agreement, ViroMed will provide bluebird bio exclusive rights to its novel humanized antibody to the target, and bluebird bio will leverage its proprietary lentiviral gene therapy platform and CAR T capabilities to develop CAR T therapies against the target.
Deal worth a potential $48 million per product to ViroMed
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