ERYTECH in out-licensing deal worth initial $57 million
French biotech ERYTECH Pharma (Euronext: ERYP) has entered into a collaboration with privately-held US cell therapy company SQZ Biotechnologies (SQZ) to advance red blood cell (RBC)-based therapeutics for immune modulation.
ERYTECH has granted to SQZ an exclusive worldwide license to develop antigen-specific immune modulating therapies employing RBC-based approaches.
Combining SQZ’s proprietary and versatile cell engineering platform, Cell Squeeze, with ERYTECH’s intellectual property related to RBC-based therapeutics is intended to allow for the rapid development of a broad pipeline of novel immunomodulatory products addressing multiple indications.
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