Healios and Athersys enter into regenerative medicine partnership
Shares of USA-based biotech firm Athersys (Nasdaq: ATHX) rose 21.4% to $1.25 on Friday after it announced a lucrative partnership and license agreement with Japan’s Healios (TYO: 4593), which could earn it as much as $230 million.
The collaboration will focus on the development and commercialization of novel cell therapy treatments, including MultiStem for the treatment of ischemic stroke and potentially other indications, in Japan. The partnership involves MultiStem, a proprietary, patented off-the-shelf stem cell therapy being developed by Athersys, with an initial focus on treating ischemic stroke.
Terms of the collaboration
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