Astellas will buy about 8.8% of Poseida Therapeutics for $25 million, and match that with a one-time payment for right of first refusal to license the biotech’s clinical-stage cell therapy for solid tumors, the companies said Monday morning.
Alongside the $50 million, Astellas nabs a board observer seat and can sit in on Poseida’s scientific advisory meetings.
The deal follows another allogeneic CAR-T pact that the San Diego-based biotech inked with Roche last August. That tie-up focused on hematological malignancies, which included $110 million upfront and an equal amount in near-term cash, for work on multiple assets.
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