BioNTech has turned up the heat in the race to bring an mRNA immunotherapy for cancer to the clinic. The German biotech has partnered with American giant Genentech in a massive deal with almost €300M upfront.
Europe’s largest private biotech, BioNTech, has partnered up with Genentech to produce individualized mRNA-based cancer therapies. The collaboration aims to apply Genentech’s expertise as a world leader in immuno-oncology to BioNTech’s proprietary mRNA cancer vaccine technology. The ultimate goal of the partnership is to bring a variety of highly specific cancer treatments tailored to individual patient needs to clinical trials.
Genentech paid €280M in upfront and milestone payments to gain access to BioNTech’s technology. The two companies will split manufacturing duties and developmental costs but divvy up commercial rights on a case-by-case basis: if Genentech decides not to avail itself of its share for a product, BioNTech will take over.
But this German biotech is no slouch. The company has developed a cancer vaccine platform that it calls IVAC (Individualized Vaccines Against Cancer) MUTANOME,