Tuesday, July 9, 2024
Homeunited statesModerna ties up with Immatics to boost cancer vaccine development

Moderna ties up with Immatics to boost cancer vaccine development

CAMBRIDGE, Massachusetts – Moderna said on Monday it has struck a deal with German drug developer Immatics for developing cancer vaccines and therapies, and would pay US$120 million (S$164 million) in cash and additional milestone payments.

Moderna said the companies would use Immatics’ drug discovery platform to develop mRNA-based cancer vaccines, and also study its own cancer vaccine for use in combination with Immatics’ cancer therapy IMA203.

The deal is the latest in Moderna’s push to expand beyond Covid-19 as demand for the shots falls dramatically, and develop a vaccine for cancer, a dream that scientists have chased for decades with little success.

Moderna is already developing a cancer vaccine with Merck, which was shown to cut the risk of recurrence or death by 44 per cent in patients with deadly skin cancer melanoma, in a mid-stage trial.

It also has vaccines under development for flu and respiratory syncytial virus, among others.

Under the terms of collaboration, Moderna will lead the development and commercialisation of the cancer vaccines resulting from the collaboration, while Immatics will be responsible for pre-clinical and potential early-stage studies.

Immatics will also receive research funding and is eligible for development, regulatory, and commercial milestone payments that could exceed US$1.7 billion, Moderna said. REUTERS

More On This Topic

Moderna says updated COVID vaccine is effective against newer variant

Moderna signs deal to make mRNA vaccines for Chinese market

Join ST’s Telegram channel and get the latest breaking news delivered to you.

p.st_telegram_boilerplate:before {
display: inline-block;
content: ” “;
border-radius: 6px;
height: 6px;
width: 6px;
background-color: #12239a;
margin-left: 0px;
margin-right: 13px;
}

a.st_boilerplate {
font-family: “SelaneWebSTForty”, Georgia, “Times New Roman”, Times, serif;
}

RELATED ARTICLES
- Advertisment -

Most Popular