Summary by Moomoo AI
Pharmaceutical company Jeleno-B (stock code: 2126) announced on January 1, 2024 that it has signed an exclusive cooperation agreement with 2seventy bio, Inc. (Nasdaq: TSVT) to jointly develop and commercialize CAR T cell therapy products for the treatment of autoimmune diseases in Greater China. This strategic alliance builds on the MAGE-A4 project partnership established by the two sides in 2022 and builds on the capacity to develop cell therapies based on the pharmacopoeia. Under the terms of the cooperation agreement, Yao Ming will be responsible for the process development of the product and the first human clinical trial of the product in China, and will share the cost with 2seventy bio. Yao Ming Jeno will have exclusive licenses to develop, produce and commercialize products in Greater China and will be eligible to charge development, regulatory and sales milestone fees and license fees for net global sales. Pharmacyclo is a biotechnology company focused on the development of cellular immunotherapy products, while 2seventy bio focuses on the development of immuno-oncology cell therapies.