Genentech/Baxter Alliance

9 December 1996

- Genentech and Baxter Healthcare have signed an agreement for the co-development of a cellular therapy for hemophilia A, making use of Baxter's TheraCyte immunoisolation technology for which Genentech will develop an engineered cell line. Baxter will perform all (pre)clinical studies and will receive a worldwide license to any resulting therapies. At the Phase I stage, Genentech retains the option to participate fully in expenses and profits, or accept royalties on sales. Financial details were not disclosed.

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