Gilead Sciences, Inc.'s Kite cell therapy unit is expanding through external investment, with the company announcing on 20 December that it will acquire privately held Tmunity Therapeutics Inc. for an undisclosed amount to develop next-generation chimeric antigen receptor T-cell (CAR-T) therapies.
The latest deal complements another recent business development deal by Kite with Arcellx, Inc. to co-develop and commercialize an autologous CAR-T for multiple myeloma, CART-ddBCMA, Kite CEO Christie Shaw said in an interview. In that deal, Gilead paid $225m up front plus a $100m equity investment for a 50/50 profit split to access the clinical-stage asset
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