In Vivo Gene Editing Partnerships
ARCUS HDR Gene Insertion and Gene Excision Validated by Big Pharma and Biotech Partners
2021
- Potential first ARCUS gene insertion program to reach clinic for OTC Deficiency affecting pediatric population
- Longest-running study of in vivo gene editing in primates demonstrates safety and stability of ARCUS-mediated editing1
KEY DEAL TERMS
- Equity stake in iECURE
- Milestone payments and royalties on sales
2022
- Novel approach to bring sophisticated edits beyond the liver
- — Gene insertion in hematopoietic stem cells in vivo
KEY DEAL TERMS
- $75M Upfront Payments
- $1.4B Potential Milestone Payments
- Mid-single-digit to low double-digit royalties
- Wang et al, Molecular Therapy, February 2021
Ex Vivo CAR T Partnerships Enable Funding Gene Editing Platform
Precision eligible to receive up to $47M in upfront & near-term payments with >$900M in potential milestone payments
2023
Exclusive global license to azer-cel for cancer indications
KEY DEAL TERMS
- $29M Upfront & Potential Near-term Payments
- $198M Potential Milestone Payments
- Option to nominate up to three research programs, each with $145M potential milestone payments and tiered royalties on net sales
- Double-Digit Royalties on Net Sales
2024
Exclusive global license to azer-cel for non-cancer indications, including autoimmune diseases
KEY DEAL TERMS
- $17.5M Upfront & Potential Near-term Payments
- — Mix of cash and equity with any equity purchased at 100% premium to 30-day VWAP
- $288M Potential Milestone Payments
- High-Single-Digit to Low-Double-Digit Royalties on Net Sales
Partnering is a cornerstone of our company’s growth and success.
Through these collaborations, we deepen our capabilities with new tools, new resources, and new expertise.
Exclusive in vivo gene editing research and development collaboration and license agreement with Novartis to develop a single ARCUS nuclease designed as a potential single-administration treatment for hemoglobinopathies including sickle cell disease and beta thalassemia.
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License and collaboration agreement with iECURE to advance Precision’s PBGENE-PCSK9 candidate into Phase 1 studies and gain access to PCSK9-directed ARCUS nuclease to develop additional gene editing therapies.
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Research, collaboration, and license agreement with the University of Pennsylvania to collaborate on the preclinical development for gene editing products involving the delivery of an ARCUS nuclease.
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Option agreement to evaluate Acuitas Therapeutic Inc.’s lipid nanoparticle (LNP) technology for delivery of ARCUS with rights to license, develop, and commercialize LNP-delivered ARCUS products.
Global rights to azer-cel, allogeneic CAR T candidate for cancer. Imugene will assume ongoing clinical execution for azer-cel in the large B-cell lymphoma (LBCL) population who have relapsed following autologous CAR T treatment. The license also includes an option to develop up to three other cancer research programs in the future.