Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Allogene licenses CRISPR tech for autoimmune treatment

EditorEmilio Ghigini
Published 03/12/2024, 09:10 AM
Updated 03/12/2024, 09:10 AM
© Reuters.

SOUTH SAN FRANCISCO, Calif. - Allogene Therapeutics, Inc. (NASDAQ:ALLO), a biotechnology firm focused on allogeneic CAR T therapies, has entered into a licensing agreement with Arbor Biotechnologies for the use of Arbor's CRISPR gene-editing technology. This collaboration aims to advance the development of treatments for autoimmune diseases using Allogene's AlloCAR T™ platform.

The partnership, announced today, grants Allogene access to Arbor's proprietary gene-editing tools, which the company plans to utilize in creating new allogeneic CAR T therapies. These investigational products are designed to be more effective and widely accessible for autoimmune disease treatment, with the first Phase 1 clinical trial expected to commence in early 2025.

Allogene's Executive Vice President of Research & Development and Chief Medical Officer, Zachary Roberts, M.D., Ph.D., expressed the scientific community's keen interest in CAR T's potential for autoimmune diseases and stressed the importance of differentiation in the crowded field.

Allogene's approach includes designing investigational products that may allow reduced or even chemotherapy-free conditioning, fitting the scale of the autoimmune disease market and the needs of patients.

Arbor's CEO, Devyn Smith, Ph.D., echoed the sentiment, highlighting the potential of gene editing to transform treatment paradigms and improve patient outcomes. Arbor's technology suite, developed through a combination of CRISPR, computational AI-driven discovery, and protein engineering, positions the company as a next-generation gene editing enterprise.

Allogene, headquartered in South San Francisco, is pioneering off-the-shelf CAR T cell products for cancer and autoimmune diseases. Arbor, based in Cambridge, Mass., focuses on a range of genetic medicines, with an emphasis on liver-mediated and CNS diseases. Both companies have emphasized the importance of strategic partnerships in advancing their respective technologies and therapies.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

This news is based on a press release statement and contains forward-looking statements regarding the development and potential benefits of AlloCAR T products, as well as the anticipated timing of clinical trials. These statements are subject to various risks and uncertainties, and actual results may differ materially. Allogene's SEC filings, including its most recent 10-Q report, provide a detailed discussion of these risks.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.