Fate Therapeutics partners with BD to develop, commercialise iPSC technology.
M2 PHARMA-October 14, 2010-Fate Therapeutics partners with BD to develop, commercialise iPSC technology(C)2010 M2 COMMUNICATIONS
14 October 2010 - US Fate Therapeutics Inc said today it has signed a collaboration and licence agreement with BD (Becton, Dickinson and Company) (NYSE: BDX), through its BD Biosciences segment, for the joint development and worldwide commercialisation of induced pluripotent stem cell (iPSC) tools and technologies for drug discovery and development.
Under the three-year collaboration, Fate and BD will endeavor to co-develop certain stem cell products using Fate's iPSC technology platform, and BD will commercialise these stem cell products on a worldwide basis.
Under the terms of the agreement, which includes exclusive licences to certain inventions of Dr Rudolf Jaenisch, founding member of the Whitehead Institute for Biomedical Research and scientific founder of Fate Therapeutics, and of Sheng Ding, associate professor at The Scripps Research Institute and scientific founder of Fate Therapeutics, Fate and BD will tap Fate's platform of industrialised pluripotent stem cell technology.
The collaboration includes a licence to US Patent No. 7,682,828 entitled "Methods for Reprogramming Somatic Cells," which is believed to be the earliest art that describes broad methods and key agents to reprogram human somatic cells to a pluripotent state.
Fate will receive an upfront payment, research funding, commercialisation milestones and royalties on the sale by BD of co-developed products.
Fate and BD said they expect that the products developed under the collaboration will serve as powerful tools for discovering new medical treatments and bridging the gap between the laboratory and the clinic.
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|Date:||Oct 14, 2010|
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