ImmunoACT CEO Dr Rahul Purwar outlines progress made by the firm’s early-stage CAR-T therapy in India, which he believes can be available at a tenth of the price of current on-market treatments or around the cost range for bone marrow transplant. Laurus Labs, which holds about 27% in ImmunoACT, is expected to help shape the firm’s globalization plans.
The prohibitive cost of current CAR-T cell therapies puts them beyond the reach of most patients in the developing world and ImmunoACT founder and CEO Dr Rahul Purwar hopes to rewrite that script.
ImmunoACT has a portfolio of CAR-T therapy assets in various development stages for the treatment of autoimmune diseases and oncology indications, with its lead product HCAR 19 being studied in multiple indications including B-cell acute lymphoblastic leukemia and diffuse large B cell lymphoma
Private Company Edition: Deerfield’s third innovations fund will back therapeutics and other opportunities, the Gates Foundation – a sometimes funder of biotech firms – will spend $200bn over the next 20 years, and NewLimit raised a $130m series B round, among other financings.
Pipeline Watch is a weekly snapshot of selected late-stage clinical trial events and approvals announced by pharmaceutical and biotech companies at medical and industry conferences, in financial and company presentations, and in company releases and statements.
An ‘historic economic prosperity deal’ does not include the sector.
