January 14, 2020 06:55 AM ESTUpdated 11:09 AM

New Adaptimmune management scores confidence boost with up to $897M+ Astellas deal

Natalie Grover

Reporter

It makes sense to join forces with your partner’s owner.

Japan’s Astellas Pharma is tying up with UK-based Adaptimmune Therapeutics in a deal worth up to $897.5 million to develop stem-cell-derived, off-the-shelf T-cell therapies. Since 2015, Adaptimmune has been collaborating with a Seattle based company that makes customized stem cells — Universal Cells — which Astellas swallowed in 2018.

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