Cerus spins out immunotherapy business
USA-based biopharmaceutical company Cerus Corp has spun out its immunotherapy business, including its Listeria and KBMA platform technologies, to form a new independent organization. Cerus will retain a 15.5% equity stake in the new enterprise, which has not yet been named, and may be eligible to a $90.0 million payment if vaccine candidates are successfully developed using the divested technology. Cerus added that it was now focussed on commercializing its Intercept Blood System in Europe.
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