HCW Biologics takes aim at CD8+ in deal with WY Biotech

21 November 2024

HCW Biologics (Nasdaq: HCWB) has announced a worldwide licensing agreement with WY Biotech to develop and commercialize one of its preclinical immunotherapy candidates.

WY will pay an upfront $7 million fee and cover all associated development costs, with HCW eligible for milestones and royalties.

The deal includes an option for HCW to regain rights in the Americas after Phase I trials, at no additional cost. Both firms will collaborate globally during clinical development, leveraging HCW’s novel protein scaffold technology.

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