Confident Adaptimmune lines up $125 million in financing

16 May 2024

USA and UK-based cancer cell therapy developer Adaptimmune Therapeutics (Nasdaq: ADAP) has secured $125 million in financing, with the first tranche of $25 million available upon closing.

The company will be eligible to draw an additional $25 million subject to approval of afamitresgene autoleucel (afami-cel), an investigational engineered T-cell therapy.

Afami-cel represents a significant advancement in the field of cell therapy for cancer treatment, particularly for patients with synovial sarcoma, a rare and aggressive form of cancer.

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