Adaptive Biotechnologies to Collaborate with AstraZeneca in Mapping the Immune Response to Cancer Antigens to Potentially Inform the Development of Novel Diagnostics and Therapeutics

Rhea-AI Summary

Adaptive Biotechnologies has announced a multi-year collaboration with AstraZeneca to extend its immunoSEQ T-MAP offering from COVID-19 into oncology.

This partnership enables Adaptive to utilize its database of over 58 billion immune cell receptors to provide T-cell receptor-antigen mapping data. This data may enhance treatment decisions and facilitate earlier disease detection.

AstraZeneca will provide biological samples, and Adaptive will receive quarterly payments along with additional fees, with future options for further collaboration.

Positive

• Collaboration with AstraZeneca could enhance revenue through quarterly payments and data mapping fees.
• The partnership expands immunoSEQ T-MAP's application into oncology, signifying growth potential in a new market.

Negative

• None.

Multi-year, pan-portfolio deal extends Adaptive’s proprietary immunoSEQ T-MAP offering, originally launched for COVID-19, into oncology

This transaction highlights the value of immune receptor data generated by Adaptive’s proprietary immune medicine platform

SEATTLE, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Adaptive Biotechnologies Corporation (Nasdaq: ADPT), a commercial stage biotechnology company that aims to translate the genetics of the adaptive immune system into clinical products to diagnose and treat disease, today announced a translational collaboration with AstraZeneca (LSE/STO/Nasdaq: AZN) to investigate the use of immunoSEQ T-MAP, a product that combines the sequencing and mapping capabilities of Adaptive’s proprietary immune medicine platform to map T-cell receptors (TCRs) to antigens, across AstraZeneca’s oncology portfolio.         

Under this collaboration, AstraZeneca will provide biological samples from patients with cancer; Adaptive will sequence these samples and deliver TCR-antigen mapping data using its growing and dynamic clinical immunomics database of more than 58 billion immune cell receptors and thousands of antigens. This mapping data may inform signatures of immune response (or resistance) to cancer therapies which may provide information to guide treatment decisions. Additionally, mapping of unique TCRs to antigens at scale can provide powerful information regarding the potential for early and accurate detection of a disease and the specificity of a given patient’s immune response to therapy.

“We continue to demonstrate that specific T-cell immune receptor data can be utilized to inform the diagnosis and treatment for most diseases,” said Sharon Benzeno, Chief Business Development Officer, Adaptive Biotechnologies. “We are thrilled to partner with AstraZeneca to realize the value of antigen-specific T-cell response data across their portfolio of transformative cancer medicines.”

Adaptive will receive from AstraZeneca quarterly payments plus sequencing and data mapping fees. In addition, AstraZeneca has an option to enter into a separate agreement with Adaptive for the development and commercialization of a companion diagnostic or therapeutic application based on T-MAP data. Specific financial terms of the agreement will not be disclosed.

The scope of this non-exclusive, pan-portfolio oncology collaboration may be expanded to cover additional therapeutic areas, including autoimmunity and infectious diseases.

About Adaptive
Adaptive Biotechnologies is a commercial-stage biotechnology company focused on harnessing the inherent biology of the adaptive immune system to transform the diagnosis and treatment of disease. We believe the adaptive immune system is nature’s most finely tuned diagnostic and therapeutic for most diseases, but the inability to decode it has prevented the medical community from fully leveraging its capabilities. Our proprietary immune medicine platform reveals and translates the massive genetics of the adaptive immune system with scale, precision and speed to develop products in life sciences research, clinical diagnostics, and drug discovery. We have three commercial products, and a robust clinical pipeline to diagnose, monitor and enable the treatment of diseases such as cancer, autoimmune conditions and infectious diseases. Our goal is to develop and commercialize immune-driven clinical products tailored to each individual patient. For more information, please visit adaptivebiotech.com and follow us on www.twitter.com/adaptivebiotech.

Forward Looking Statements
This press release contains forward-looking statements that are based on management’s beliefs and assumptions and on information currently available to management. All statements contained in this release other than statements of historical fact are forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. These risks, uncertainties and other factors are described under "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in the documents we file with the Securities and Exchange Commission from time to time. We caution you that forward-looking statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. As a result, the forward-looking statements may not prove to be accurate. The forward-looking statements in this press release represent our views as of the date hereof. We undertake no obligation to update any forward-looking statements for any reason, except as required by law.

ADAPTIVE MEDIA
Beth Keshishian
917-912-7195
media@adaptivebiotech.com

ADAPTIVE INVESTORS
Karina Calzadilla, Vice President, Investor Relations
201-396-1687
Carrie Mendivil, Gilmartin Group
investors@adaptivebiotech.com

FAQ

What is the partnership between Adaptive Biotechnologies and AstraZeneca about?

Adaptive Biotechnologies has entered a multi-year collaboration with AstraZeneca to utilize its immunoSEQ T-MAP technology in oncology, expanding its application beyond COVID-19.

What financial benefits will Adaptive Biotechnologies receive from AstraZeneca?

Adaptive will receive quarterly payments and fees for sequencing and data mapping as part of the collaboration with AstraZeneca.

How does the immunoSEQ T-MAP technology work?

The immunoSEQ T-MAP technology maps T-cell receptors to antigens by analyzing biological samples, providing insights into immune responses to cancer therapies.

What implications does this partnership have for cancer treatment?

The collaboration aims to inform treatment decisions and improve early detection of diseases through immune response signatures.

When was the partnership between Adaptive Biotechnologies and AstraZeneca announced?

The partnership was announced on January 11, 2021.