Genentech pulls out of deal with Adaptimmune
Adaptimmune Therapeutics (Nasdaq: ADAP) saw its shares close down more than 10% at $1.16, after it disclosed that Roche (ROG: SIX) subsidiary Genentech has terminated their strategic collaboration entered into in 2021.,
The deal was based on the commercialization of allogeneic T-cell therapies based on ADAP's induced pluripotent stem cell (iPSC) derived allogeneic platform, with a focus on afamitresgene autoleucel (afami-cel).
Adaptimmune said it remains focused on launching afami-cel later this year with a US Food and Drug Administration (FDA) action date of August 4 and developing its broader sarcoma franchise.
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