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Stock impact report

Adaptimmune (ADAP) Down on End of Collaboration With Roche [Yahoo! Finance]

Adaptimmune Therapeutics plc - American Depositary Shares (ADAP) 
Last adaptimmune therapeutics plc - american depositary shares earnings: 5/9 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Both companies collaborated in 2021 to develop and commercialize allogeneic cell therapies to treat multiple oncology indications. The collaboration had two components — the development of allogeneic T-cell therapies for up to five shared cancer targets and the development of personalized allogeneic T-cell therapies. ADAP was responsible for developing clinical candidates using its induced pluripotent stem cell (iPSC) derived allogeneic platform to produce T-cells (iT cells). Roche was responsible for the input TCRs and subsequent clinical development and commercialization. Adaptimmune received an upfront payment of $150 million and was entitled to additional payments of $150 million over five years, along with milestone payments exceeding $3 billion in aggregate value. The loss of funds from Roche is a setback for ADAP and its investors were clearly disappointed. Shares of Adaptimmune have risen 46.3% year to date against the industry's decline of 7.9%. Image Source: Zac Show less Read more
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