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Kite (Gilead) and Arcellx Report the Expansion of its Collaboration Agreement for CART-DdBCMA in Multiple Myeloma

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Kite (Gilead) and Arcellx Report the Expansion of its Collaboration Agreement for CART-DdBCMA in Multiple Myeloma

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  • Kite and Arcellx have expanded their Dec’22 collaboration agreement to co-develop & co-commercialize Arcellx’s CART-ddBCMA as a treatment for r/r multiple myeloma
  • The expansion was made to include lymphomas as an indication for CART-ddBCMA. Moreover, Kite exercised its option to license ACLX-001, Arcellx’s ARC-SparX program, for the treatment of multiple myeloma
  • Upon closing of the transaction (expected by YE 2023), Arcellx will receive an up front equity investment of $200M at $61.68/share to purchase 3,242,542 shares of its common stock along with non-dilutive cash payment of $85M & will be eligible for potential milestone payments

Ref: Businesswire Image: Kite

Related News:- Arcellx Entered into a Collaboration and License Agreement with Kite to Co-Develop and Co-Commercialize CART-ddBCMA for Multiple Myeloma

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Shivani Chandra

Shivani was a content writer at PharmaShots. She has a keen interest in recent innovations in the life sciences industry. She was covering news related to Product approvals, clinical trial results, and updates. We can be contacted at connect@pharmashots.com.

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