Allogene Therapeutics And Arbor Biotechnologies Announce Global Gene Editing Licensing Agreement To Support Advancement Of Next-Generation Allogeneic CAR T Platform In Autoimmune Disease
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Allogene Therapeutics, Inc. (NASDAQ:ALLO) and Arbor Biotechnologies announced a global licensing agreement for Arbor's CRISPR gene-editing technology to be used in Allogene's AlloCAR T platform for autoimmune disease treatment. This collaboration aims to develop effective and accessible CAR T therapies, with the first AlloCAR T investigational product expected to enter Phase 1 clinical trials in early 2025.
March 12, 2024 | 12:57 pm
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Allogene Therapeutics enters a licensing agreement with Arbor Biotechnologies for CRISPR gene-editing technology to advance its AlloCAR T platform for autoimmune diseases, with Phase 1 trials expected in early 2025.
The licensing agreement with Arbor Biotechnologies for the use of CRISPR gene-editing technology represents a significant step for Allogene Therapeutics in advancing its AlloCAR T platform. This collaboration not only enhances Allogene's research and development capabilities in the field of autoimmune disease treatment but also positions the company as a leader in the application of gene-editing technology in CAR T therapy. The initiation of Phase 1 clinical trials in early 2025 indicates progress in product development, which could positively impact investor sentiment and the company's stock price in the short term.
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