Roivant launches another 'Vant' company, this one to develop cellular therapies in Asia
Switzerland-based Roivant Sciences today announced the launch of Cytovant Sciences, a biopharmaceutical company focused on developing and commercializing innovative cellular therapeutics in Asia, together with its previously spun-out “vant” company Sinovant Sciences.
Cytovant will focus on development programs that have the potential to transform the treatment of diseases that are prevalent in Asian patients. Concurrent with the company’s launch, Cytovant has entered into a multi-program license and collaboration agreement with Germany’s Medigene (FSE: MDG1), a clinical stage biotechnology company focusing on the development of T cell immunotherapies.
News of the deal saw Medigene’s shares leap nearly 15% to 10.65 euros by late afternoon trading.
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