LONDON, Aug. 02, 2018 (GLOBE NEWSWIRE) -- The FDA’s sign off on Celyad’s first clinical trial design for its allogeneic NRK CAR T-cell therapy (CYAD-101) is an important milestone. The study, possibly staring in Q4 2018, mirrors the current colorectal SHRINK trial a combination of autologous CYAD-01 therapy with FOLFOX chemotherapy. This gives Celyad the lead in a mass-market solid cancer where allogeneic therapy is likely to be essential. The indicative value has been increased to €1,090m (€89 per share) from €1,040m (€84 per share) pending further data.
The nominal allogeneic value has been increased from €50m to €100m pending further data; it may come to dominate the valuation. This increases the overall indicative value to €1,090m (formerly €1,040m), €89 per share (formerly €84). Allogeneic therapy is currently a highly-active investment area, for example, the April deal involving Pfizer and pre-clinical Allogene (US$300m start-up funding).
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