Why Adaptimmune Therapeutics Is Jumping 11.5% Today [The Motley Fool]
Adaptimmune Therapeutics plc - American Depositary Shares (ADAP)
Last adaptimmune therapeutics plc - american depositary shares earnings: 5/9 07:30 am
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US:NASDAQ Investor Relations:
ir.adaptimmune.com/phoenix.zhtml?c=253991&p=irol-newsarticle&id=2255800
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Source: The Motley Fool
What happened After the company announced that Japanese biopharma Astellas ( OTC:ALPMY Adaptimmune Therapeutics NASDAQ:ADAP So what Astellas will work with Adaptimmune to develop T-cell receptors (TCRs), chimeric antigen receptors (CARs), and HLA-independent TCRs derived from stem cells that can be used as off-the-shelf cancer treatments. In exchange, Adaptimmune gets a much-needed $0 million in upfront money, up to $7. million annually in research funding, plus potential milestones and royalties on products developed through the collaboration. The upfront money and ongoing research funding is particularly important because Adaptimmune's had some past stumbles biotech stock Thanks to the new financial wiggle room, Adaptimmune should be better able to continue developing ADP-AM, a clinical-stage therapy for synovial sarcoma. In September, management reported a 8% response rate and a 9% disease control rate in an ongoing -patient phase study of ADP-AM. A phase study in this indication
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ADAP
News
- Adaptimmune: Huge Opportunity Amid Their Setback With Genentech [Seeking Alpha]Seeking Alpha
- Garry Menzel joins GHO Capital as Operating Partner [Yahoo! Finance]Yahoo! Finance
- Adaptimmune (ADAP) Down on End of Collaboration With Roche [Yahoo! Finance]Yahoo! Finance
- Adaptimmune falls as Roche strategic collaboration ends [Seeking Alpha]Seeking Alpha
- Strategic Collaboration between Adaptimmune and Genentech to Research, Develop, and Commercialize Cancer-targeted Allogeneic T-cell Therapies Terminated [Yahoo! Finance]Yahoo! Finance
ADAP
Sec Filings
- 4/22/24 - Form ARS
- 4/12/24 - Form 8-K
- 4/11/24 - Form DEF
- ADAP's page on the SEC website