Quarterly venture investment activity into neurology focused biopharma companies is back to pre-2020 level. This is no surprise given the investment slowdowns across all therapy area and broader life sciences. The drop seems to have stabilized however, and emerging...

August 2023 Top Biopharma Deal: Poseida license option deal with Astellas for P-MUC1C-ALLO1
Highlighted Deal Financial Comps
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- Poseida granted Astellas an option for exclusive, worldwide rights to develop and commercialize P-MUC1C-ALLO1.
- P-MUC1C-ALLO1 is an allogeneic CAR-T cell therapy for the treatment of multiple solid tumors.
- Astellas to invest a total of $50M in Poseida:
- $25M for approximately 8.8% of Poseida’s outstanding common stock (8,333,333 shares at $3.00 per share).
- $25M one-time payment for exclusive negotiation and first refusal rights to license P-MUC1C-ALLO1.
- Deal includes potential for Astellas to further invest in licensing and commercialization of the therapy in the future.
Last Month:
Congrats to Poseida and Astellas for landing DealForma’s August 2023 Top Biopharma Deal. Last month’s Deal of the Month was Alnylam – Roche for zilebesiran. Read about it here.
DealForma’s Deal of the Month selection is based on the largest disclosed upfront cash and equity total in partnership deals involving R&D as announced in the month prior to this article. Data for this analysis was compiled using the DealForma biopharma deals database. All data are based on publicly disclosed figures and deal terms.
We invite you to answer interesting questions on biopharma business development and licensing using our data and carefully curated profiles on deals, pipelines, companies, funding, and business executives by visiting dealforma.com to schedule your personalized demo.
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