Kite Pharma acquires T-Cell Factory for $21 million upfront
US oncology biopharma specialist Kite Pharma (Nasdaq: KITE), which has made its name in CAR-T therapies, has further strengthened its TCR product platform and established a European presence through the acquisition of T-Cell Factory (TCF), a privately held Dutch company, which has been renamed Kite Pharma EU. News of the acquisition pushed Kite’s shares up 9.66% to $69.66.
Through this acquisition, Kite Pharma has obtained license agreements with IBA GmbH, Sanquin Blood Supply Foundation, and the NKI that include rights to certain new intellectual property in the TCR space developed by Professor Schumacher at the NKI. In addition, the acquisition provides access to European clinical manufacturing facilities, launching a base for Kite to build its global presence and initiate clinical programs in the EU.
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