Prescient Secures Two Key Licenses to Develop OmniCAR Platform

  • May 26, 2020 AEST
  • Team Kalkine

Prescient Therapeutics Limited (ASX:PTX) disclosed that it has signed two global licenses for development of chimeric immune receptor platform ‘OmniCAR’-

  • An exclusive global licensing agreement with the Trustees of the University of Pennsylvania for an innovative universal immune receptor technology platform.
  • Other global, non-exclusive licence from Oxford University to utilize the SpyTag/SpyCatcher molecular binding system employed by the platform.

Notably, Prescient intends to incorporate the technologies from both universities and other assets possessed by PTX for building a universal chimeric immune receptor platform for next-generation cell therapy product development called OmniCAR.

The new platform would facilitate in-house development of next-generation engineered cell therapies and build opportunities for business development and collaboration in the cell therapy arena for Prescient.

Post announcement PTX shares climbed by 13.333% to AUD 0.051 on 26 May 2020 (at 11:22 AM).


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