Cardio3 BioSciences Avoiding Binary Event Risks By Adding CAR-T Candidates

Belgium’s Cardio3 BioSciences aims to apply its experience in developing cell therapies, principally a stem cell therapy for heart failure that is in Phase III trials, to other therapeutic areas, reducing its exposure to the risks of a single success or failure event.

Celyad SA should be added to the growing list of companies active in developing chimeric antigen receptor T-cell (CAR-T) therapies, following the acquisition of a portfolio of preclinical CAR-T product candidates from Lebanon, N.H.-based Celdara Medical’s OnCyte oncology division.

The acquisition, announced Jan. 6 and valued at more than $100 million plus sales milestones [See Deal], comes just a day after another CAR-T pioneer, Kite Pharma...

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