Shares of Century Therapeutics (Nasdaq: IPSC) shot up 15.1% to $15.22, after it revealed a research collaboration and license agreement with pharma major Bristol Myers Squibb (NYSE: BMY) to develop and commercialize up to four induced pluripotent stem cell (iPSC) derived, engineered natural killer cell (iNK) and0/or T cell (iT) programs for hematologic malignancies and solid tumors.
The first two programs include a program in acute myeloid leukemia and a program in multiple myeloma, which could incorporate either the iNK or a gamma delta iT platform. BMS has the option to add two additional programs which can be nominated subject to certain conditions agreed with Century in the agreement.
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