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Stock impact report

Lyell acquires worldwide rights from ICT to CAR T-cell therapy [Yahoo! Finance]

Lyell Immunopharma, Inc. (LYEL) 
Company Research Source: Yahoo! Finance
antigen receptor (CAR) T-cell candidate for metastatic colorectal cancer and other guanylyl cyclase-C (GCC)-expressing cancers. Lyell will receive the rights outside of Taiwan, Macau, Hong Kong and mainland China, and will commercialise, develop, research and manufacture the therapy. ICT will be eligible for a $40m upfront payment, Lyell common stock shares of 1.9 million and an additional equity and cash consideration, including a $30m clinical milestone. The company will also receive up to $675m in sales milestones and up to $115m in regulatory milestones. Further equity may be granted with achievement of future clinical and regulatory milestones. US Phase I clinical trial data reveal dose-dependent activity of LYL273 in 12 patients who received lymphodepleting chemotherapy followed by the candidate, achieving a 67% overall response rate and an 83% disease control rate. The product candidate, enhanced with cluster of differentiation 19 (CD19) CAR expression and controlled Show less Read more
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