Advertisement

Topics

Tessa Forms $120 Million China JV to Develop Cell Therapies for Cancer

06:23 EDT 14 Jun 2019 | ChinaBio Today

Tessa Therapeutics, a Singapore company, will form a $120 million JV with China-Singapore Guangzhou Knowledge City (CSGKC) to develop Tessa's oncology cell therapies in China. The companies will fund the JV in two stages, with Tessa contributing its cell therapies plus $40 million and CSGKC $80 million in cash. In the first stage, Tessa will invest $20 million plus China rights to its technology, and CSGKC will add $40 million for a 13% stake in the JV. A clinical-stage company, Tessa is developing autologous and off-the-shelf allogeneic therapies that target a range of cancers. More details....

Share this with colleagues:

Original Article: Tessa Forms $120 Million China JV to Develop Cell Therapies for Cancer

NEXT ARTICLE

More From BioPortfolio on "Tessa Forms $120 Million China JV to Develop Cell Therapies for Cancer"

Advertisement
Quick Search
Advertisement
Advertisement

 

Relevant Topic

Cancer
  Bladder Cancer Brain Cancer Breast Cancer Cancer Cervical Cancer Colorectal Head & Neck Cancers Hodgkin Lymphoma Leukemia Lung Cancer Melanoma Myeloma Ovarian Cancer Pancreatic Cancer ...