Myeloid Entered into an Exclusive Option & Research Collaboration with Prime Medicine to Develop and Accelerate RetroT Technology for Human Diseases
Shots:
- Myeloid received $45M up front & is eligible to receive milestones & option exercise fees along with sales-based royalties. Prime will get an exclusive option to gain control of the intellectual property estate & expand its existing platform
- The companies focus on accelerating the development of Myeloid's RNA-based, retrotransposon-mediated gene-insertion technology for gene editing & complementary to Prime Editing
- The collaboration will optimize Myeloid's RetroT technology to deliver genetic sequences & integration enzymes in a single mRNA strand for gene editing. If successful, this technology can be used to simplify the delivery of ex vivo & in vivo cell therapies for human diseases
Ref: PR Newswire | Image: PR Newswire
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