Revitope Oncology and Junshi Biosciences have inked a strategic research collaboration based around Revitope’s protein engineering platform and Junshi's novel antibody components.
Junshi gains a global license on resulting products and up to $160 million in milestones for each T Cell Engaging Antibody Circuit (TEAC) molecule selected, plus tiered royalties. The firm is also making a $10 million equity investment.
Junshi vice president Sheng Yao said: "By leveraging Revitope's unique two component T-cell immunotherapy platform and our in-house antibody capabilities reaching from discovery to commercialization, dual targeting precision-based novel cancer immunotherapies can be brought into clinical trials in the near future.”
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