Moderna exercises option to license proprietary targeting technology from Autolus
October 12 2022 - 07:00AM
GlobeNewswire Inc.
Autolus Therapeutics plc (Nasdaq: AUTL), a clinical-stage
biopharmaceutical company developing next-generation programed T
cell therapies, today announces that Moderna (MRNA), a
biotechnology company pioneering messenger RNA (mRNA) therapeutics
and vaccines, has exercised its option to license Autolus’
proprietary binders against an undisclosed immuno-oncology target
for the development and commercialization of mRNA therapeutics.
This follows an original agreement with Moderna
announced on August 2, 2021, granting Moderna an exclusive option
to license Autolus’ proprietary binders for up to four
immuno-oncology targets for incorporation in certain mRNA
therapeutics. On exercise of the option, Autolus has received an
option exercise payment and is eligible to receive development and
commercial milestone payments for each product successfully
commercialized. In addition, Autolus would be entitled to receive
royalties on net sales of all products commercialized under the
agreement.
“The collaboration with Moderna has been a
productive partnership, and it’s great to see this work progressing
to the next stage,” said Dr. Martin Pule, CSO of
Autolus. “The use of our technology in Moderna’s mRNA
platform continues to underscore Autolus’ leadership in the
development of innovative differentiated binder and cell
programming technologies.”
About Autolus Therapeutics
plcAutolus is a clinical-stage biopharmaceutical company
developing next-generation, programed T cell therapies for the
treatment of cancer. Using a broad suite of proprietary and modular
T cell programming technologies, the Company is engineering
precisely targeted, controlled and highly active T cell therapies
that are designed to better recognize cancer cells, break down
their defense mechanisms and eliminate these cells. Autolus has a
pipeline of product candidates in development for the treatment of
hematological malignancies and solid tumors. For more information,
please visit www.autolus.com.
Forward-Looking StatementsThis
press release contains forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are
statements that are not historical facts, and in some cases can be
identified by terms such as "may," "will," "could," "expects,"
"plans," "anticipates," and "believes." These statements include,
but are not limited to, statements regarding the development and
commercialization of licensed products, the achievement of
milestones, and the potential benefits of the licensed technology.
Any forward-looking statements are based on management's current
views and assumptions and involve risks and uncertainties that
could cause actual results, performance, or events to differ
materially from those expressed or implied in such statements.
These risks and uncertainties include, but are not limited to, the
risks that programs incorporating the licensed technology do not
advance or result in approved products on a timely or
cost-effective basis or at all, and the impact of the ongoing
COVID-19 pandemic. For a discussion of other risks and
uncertainties, and other important factors, any of which could
cause Autolus’ actual results to differ from those contained in the
forward-looking statements, see the section titled "Risk Factors"
in Autolus' Annual Report on Form 20-F filed with the Securities
and Exchange Commission on March 10, 2022, as well as discussions
of potential risks, uncertainties, and other important factors in
Autolus' subsequent filings with the Securities and Exchange
Commission. All information in this press release is as of the date
of the release, and Autolus undertakes no obligation to publicly
update any forward-looking statement, whether as a result of new
information, future events, or otherwise, except as required by
law.
Contact:
Olivia Manser +44 (0) 7780
471568 o.manser@autolus.com
Julia Wilson +44 (0) 7818
430877 j.wilson@autolus.com
Susan A. Noonan S.A. Noonan Communications
+1-917-513-5303 susan@sanoonan.com
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