BioNTech strengthens cancer therapy expertise with US acquisition

BioNTech strengthens cancer therapy expertise with US acquisition

by Joseph Anthony
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BioNTech said it was acquiring a production site and a research and development platform from a subsidiary of US biotech company Gilead (GILD.O) to expand its footprint in north America and in novel cancer treatments.

The German biotech firm on Monday said it was buying a solid tumour neoantigen T-cell receptor therapy (TCR-Ts) R&D platform and a manufacturing plant in the city of Gaithersburg in the state of Maryland from Kite Pharma.
T-cell receptors (TCRs) are a class of compounds that make it easier for the bodyโ€™s immune cells to identify and destroy cancer cells, while TCR-Ts detect targets both inside and outside the cancer cells.
The acquisition will expand BioNTechโ€™s pipeline in individualized cell therapies for cancer patients and add to its existing manufacturing capacities in Idar-Oberstein, Germany, it said.
Kite Pharma will receive a one-time upfront payment, BioNtech said without giving further details.
The deal is expected to close by the end of July, 2021.

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