Breaking News, Collaborations & Alliances

IASO Bio and Innovent Expand Strategic Collaboration in Cell Therapy

IASO Bio will purchase Innovent's relevant rights of FUCASO and Innovent will use the proceeds to acquire an 18% stake in IASO Bio.

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By: Charlie Sternberg

Associate Editor

IASO Biotechnology and Innovent Biologics Inc. have jointly announced a new strategic collaboration. According to the agreement, IASO Bio will purchase Innovent’s relevant rights of FUCASO under the original “BCMA CAR-T Cell Therapy Cooperation Agreement” at the agreed price and Innovent will use the proceeds to acquire an 18% stake in IASO Bio. Under the new strategic cooperation framework, the parties expect to achieve high-level integration in the field of cellular immun...

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