JW gains solid tumor technology license through recent acquisition
By Nikita Chaurasia  Date: 2020-07-21

JW gains solid tumor technology license through recent acquisition

JW Therapeutics, a biotechnology company headquartered in Shanghai, China, has reportedly acquired Syracuse Biopharma (Hong Kong) Ltd., inclusive of a licensing agreement for Eureka Therapeutics’ solid tumor technology and ARTEMIS® antibody TCR for exclusive use in China and ASEAN nations.

Earlier this month, JW Therapeutics collaborated with Acepodia for the commercialization of two of company’s cell therapy candidates for treating solid tumors and hematologic malignancies.

Dr. James Li, Co-Founder and Head of JW Therapeutics, stated that the company is excited to declare the acquisition of Syracuse for strengthening its clinical expertise in solid tumor cancers. Syracuse and Eureka have devised a unique and effective approach for treating solid tumors with their T-cell receptor antibody mimic antibody (TCRm-Ab) and ARTEMIS® technologies. The company is looking to forward to work with them to deliver the next generation of T cell immunotherapies to patients, he added.

On the other side, Founder and CEO of Eureka Therapeutics, Dr. Cheng Liu is equally excited to work with JW Therapeutics for having recognized the value of the propriety ARTEMIS® platform. With the help of JW, the company is looking to leverage the new-found resources to speed up the development of T cell therapies for its battle against solid tumors.

The number of hepatocellular carcinoma (HCC) cases in China is very high and JW is strategically positioned to develop these therapies and increase its accessibility to patients across China, he added.

Founder and President of Eureka Therapeutics, Dr. Cheng Liu, will now be a part of the Board of Directors at JW Therapeutics, while the Chief Business Officer and General Counsel of Eureka, Victor Shum, will take on the role of a Board Observer, claim credible sources.

The terms of the deal have not been disclosed so far.

Sources: https://www.businesswire.com/news/澳门新葡平台游戏网站home/20200720005179/en/JW-Therapeutics-Acquires-Syracuse-Biopharma-License-Eureka

https://www.globenewswire.com/news-release/2020/07/14/2061786/0/en/Acepodia-and-JW-Therapeutics-Enter-into-Option-and-License-Agreement-for-Off-the-shelf-NK-Cell-Therapies.html

About

Nikita Chaurasia    

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More

More News By Nikita Chaurasia

Verizon to set up ‘living lab’ at MACS Miramar to explore 5G options
Verizon to set up ‘living lab’ at MACS Miramar to explore 5G options
By Nikita Chaurasia

Verizon, an American multinational telecommunications conglomerate, is reportedly collaborating with Marine Corps Air Station (MCAS) Miramar in a bid to discover the untapped ways the U.S. military and other U.S. Department of Defense (DoD) agencies ...

HealthVerity Inc. acquires Curisium to improve data sharing processes
HealthVerity Inc. acquires Curisium to improve data sharing processes
By Nikita Chaurasia

HealthVerity, a leader in privacy protected data exchange, has made it to the headlines on announcing the purchase of Curisium, a cloud-based drug rebate processing and contract performance management company. According to reliable sources, the part...

MGC Pharmaceuticals to buy Australia’s top medicinal cannabis clinic
MGC Pharmaceuticals to buy Australia’s top medicinal cannabis clinic
By Nikita Chaurasia

As reported by credible sources, MGC Pharmaceuticals Ltd, a European bio-pharma firm, aims to acquire the complete data, intellectual property, and operating clinic-based assets of Medicinal Cannabis Clinic Pty Ltd. As per the agreement, the new com...

Wipro takes over Brazil based IVIA Serviços de Informática Ltda
Wipro takes over Brazil based IVIA Serviços de Informática Ltda
By Nikita Chaurasia

Wipro, an Indian multinational corporation, providing information technology, consulting, and business services has reportedly taken over IVIA, headquartered in Northeast of Brazil. For those uninitiated, IVIA provides IT solutions consisting of mai...

SpaceX rocket to launch South Korea’s first military satellite
SpaceX rocket to launch South Korea’s first military satellite
By Nikita Chaurasia

The SpaceX rocket which kick started company’s astronaut mission last month has reportedly once again fired its engines in a bid to set the stage for launching first Korean military satellite this week. If reports are to be believed,...