Amgen interested in next-gen T cell tech for new therapy area

10 May 2023

Shares in TScan Therapeutics (Nasdaq: TCRX) are up more than half00 after the firm announced a multi-year collaboration with biotech heavyweight Amgen (Nasdaq: AMGN).

The American firms will use TScan's proprietary target discovery platform, TargetScan, to identify the antigens recognized by T cells in patients with Crohn's disease.

Under the terms of the deal, TScan will receive a $30 million upfront payment and is eligible to earn over $500 million in milestones, plus tiered single-digit royalties on any eventual sales.

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