Pharma BD Deal Intelligence

Roche Holding AG / Adaptimmune Therapeutics plc

2021 · Co-Development · $3.3B · Terminated

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Jan 12, 2021 American Cancer Society Neutral

In 2021, the American Cancer Society projects 1,898,160 new cancer cases and 608,570 cancer deaths in the United States. Solid tumors represent approximately…

Sep 08, 2021 Reuters Bullish

Roche's Genentech unit will pay Adaptimmune Therapeutics $150 million upfront and up to $3 billion more in milestones to develop allogeneic and personalized…

Aug 02, 2024 Adaptimmune Press Release (TECELRA approval) Bullish

Adaptimmune receives FDA accelerated approval of TECELRA (afami-cel), first engineered cell therapy for a solid tumor (not part of Genentech deal).

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Genentech (a member of the Roche Group) and Adaptimmune entered a strategic collaboration on September 8, 2021 to research, develop and commercialize allogeneic (off-the-shelf) T-cell therapies against up to five shared cancer targets, plus personalized allogeneic T-cell programs. Adaptimmune received $150M upfront and was eligible for up to $150M in additional payments over five years, with total potential value exceeding $3B in development, regulatory and commercial milestones plus royalties. On April 12, 2024 Adaptimmune disclosed that Genentech had terminated the collaboration in its entirety (notice received on/around April 10, 2024; effective 180 days later, ~October 2024) while the allogeneic and personalized programs were still in discovery. Adaptimmune realized only the $150M upfront plus roughly $35M in milestone payments of the >$3B potential, and refocused on its late-stage autologous pipeline — afami-cel (TECELRA) won FDA accelerated approval on August 2, 2024 for synovial sarcoma, though that asset was not part of the Genentech collaboration.

Key facts

Related deals — scored

DealYearValueOutcome
Roche Holding AG / Adaptimmune Therapeutics plc (this deal)2021$3.3B
Roche Holding AG / Chugai Pharmaceutical Co. Ltd.2002$1.4B100
Roche Holding AG / Ventana Medical Systems Inc.2008$3.4B88
Roche Holding AG / Corange Ltd. (Boehringer Mannheim Group)1997$11.0B88
Roche Holding AG / Ventana Medical Systems Inc.2007$3.4B88
Roche Holding AG / Foundation Medicine, Inc.2015$1.1B87
Roche Holding AG / Foundation Medicine, Inc.2018$5.3B85

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