Seattle Genetics and Unum Therapeutics ink cancer collaboration
US biotech firm Seattle Genetics (Nasdaq: SGEN) has entered into a strategic collaboration and license agreement with Unum Therapeutics (NYSE: UNM) to develop and commercialize novel antibody-coupled T-cell receptor (ACTR) therapies for cancer.
Unum’s proprietary ACTR technology enables programming of a patient’s T-cells to attack tumor cells when co-administered with tumor-specific therapeutic antibodies. Seattle Genetics, through its extensive work in the field of antibody-drug conjugates (ADCs), has a substantial portfolio of cancer targets and tumor-specific monoclonal antibodies from which programs will be selected for the collaboration.
Terms include $25 million upfront
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