A $350-million deal has been finalized between British pharmaceuticals giant GlaxoSmithKline and Adaptimmune to help develop and sell the biotechnology firm's cancer drugs, the companies said on Monday.
Adaptimmune announced in a statement that it has entered a "strategic cancer immunotherapy collaboration" with GSK to "develop and commercialise novel cell-based therapies" in its lead clinical cancer programme.
Low Doses of Anti-Cancer Drugs May Protect Against Type- 1 Diabetes
Ground breaking research finding on anti-cancer drugs that could protect against type 1 diabetes comes as a welcome news to millions of diabetics worldwide.
Advertisement
The biotech firm, which is based in Oxford, southern England and Philadelphia, has had success in trials in using T-cells, the heavy weaponry of the immune system, to target cancer cells.
The GSK deal, worth the equivalent of 260 million euros could yield payments in excess of $350 million to Adaptimmune over the next seven years, according to the statement.
![]()
A groundbreaking venture has been initiated by a group of researchers, whereby therapeutic proteins, essential in cancer-treatment, are mass-produced in the egg white of a certain breed of hen.
There would also be "significant" additional development and commercialisation payments in subsequent years, if GSK exercises all its options and milestones continue to be met.
Adaptimmune would also receive royalties ranging from single to double digits on net sales.
The statement added that trials in Adaptimmune's lead programme, in multiple myeloma, melanoma, sarcoma and ovarian cancer in the United States, are generating "encouraging" results. European trials are set to start shortly.
Monday's announcement meanwhile follows the collapse last week of US drugs giant Pfizer's $117-billion takeover offer for GSK's key British rival AstraZeneca.
It also comes after GSK agreed last month to sell its oncology business to peer Novartis for $16 billion and to buy the Swiss group's vaccines division.
Source: AFP
'Hen Factories' To Synthesize Cancer Drugs
A groundbreaking venture has been initiated by a group of researchers, whereby therapeutic proteins, essential in cancer-treatment, are mass-produced in the egg white of a certain breed of hen.
Advertisement
There would also be "significant" additional development and commercialisation payments in subsequent years, if GSK exercises all its options and milestones continue to be met.
Adaptimmune would also receive royalties ranging from single to double digits on net sales.
The statement added that trials in Adaptimmune's lead programme, in multiple myeloma, melanoma, sarcoma and ovarian cancer in the United States, are generating "encouraging" results. European trials are set to start shortly.
Monday's announcement meanwhile follows the collapse last week of US drugs giant Pfizer's $117-billion takeover offer for GSK's key British rival AstraZeneca.
It also comes after GSK agreed last month to sell its oncology business to peer Novartis for $16 billion and to buy the Swiss group's vaccines division.
Source: AFP
Imaging Techniques Gives Clearer Picture of Cancer Drugs' Chances of Success
Scientists claim that the quest for new cancer treatments could be revolutionised by advances in technology that can visualise living cells and tissues.
Advertisement
Significant Breakthrough in Developing New Cancer DrugsResearchers recently achieved a significant breakthrough thanks to the laboratory growth of leukemic stem cells, which will speed up the development of new cancer drugs. | Advertisement
|
Advertisement
Recommended Reading
Latest Cancer News
The mission of Axiom Space incorporated numerous experiments focusing on human stem cell aging, inflammation, and cancer within the laboratory situated in the low Earth orbit.
Providing a sustained supply of hydrogen sulfide to cancer cells, could be a remodeling strategy to improve photothermal therapy efficacy while minimizing side effects.
Colon cancer's hidden link revealed in microbiome study.
Breast cancer patients in the obese or overweight category can greatly benefit from a telephone-based weight management program in achieving significant weight loss.
A new study assessed the association of cigarette smoking and vaping on cancer-related symptom burden (fatigue, pain, emotional problems) and quality of life.