MabVax links with Memorial Sloan Kettering and Juno on anti-cancer therapeutics
Clinical stage oncology drug development company MabVax Therapeutics (OTCQB: TELK) has entered agreements with Memorial Sloan Kettering and Juno Therapeutics for the development of new therapeutics using antibody-targeting sequences derived from the fully-human antibodies discovered using MabVax’ antibody discovery platform.
MabVax will supply targeting sequences from the fully-human antibodies to Memorial Sloan Kettering, and researchers at MSK will conduct early-stage research and development of chimeric antigen receptor (CAR) T-cell therapeutics using the MabVax antibody sequences. They will be tested both in vitro and in animal models with the purpose of producing anti-cancer therapeutics targeting certain solid tumors.
Under an exclusive option agreement between MabVax and Juno, the latter will have the right to negotiate a license agreement for exclusive rights to any CAR T-cell therapeutic products using the antibody sequences provided to MSK.
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