Posted: 29 July 2024
Cartherics Pty Ltd (“Cartherics” or “Company”), a biotechnology company developing immune cell therapies for the treatment of cancer, is pleased to announce that it has entered into a Technology Licence Agreement (TLA) with The University of Queensland’s commercialisation company UniQuest and The University of Sydney.
In parallel, Cartherics, The University of Queensland (“UQ”) and The University of Sydney have entered into a related Material Transfer Agreement (MTA). This agreement provides access to one of Cartherics’ iPSC lines to develop iPSC-derived cardiomyocytes (iPSC-CMs) for the treatment of cardiovascular diseases under a Medical Research Future Fund (MRFF) Stem Cell Mission grant titled “Induced pluripotent stem cell derived cardiomyocytes: a new therapy for ‘no-option’ end stage heart failure”. This innovative cardiac cellular therapy research is led by The University of Sydney’s Professor James Chong and Professor Peter Gray at UQ’s Australian Institute for Bioengineering and Nanotechnology (AIBN), supported by the $4.9 million MRFF grant.
iPSC-CMs have the potential to regenerate damaged heart tissue, improving heart function and patient outcomes. Using scalable production techniques, iPSC-CMs represent a promising therapeutic approach for a range of cardiac conditions, offering hope for more effective cardiovascular treatments.
Prof. Chong stated, “I am excited about this partnership progressing our stem cell derived heart muscle therapy for heart failure. A resultant clinical trial would be great for Australian patients and our stem cell science community.”
Prof. Gray commented: “The project involves an excellent collaboration between Cartherics, the team at AIBN who have developed a bioprocess for the scalable production of high quality cardiomyocytes, and Professor James Chong, a clinician and researcher who, with his team at University of Sydney, have developed large animal models of cardiovascular disease.”
Under the TLA, UniQuest and The University of Sydney have the exclusive right to the Cartherics’ IPSC line in the field of cardiovascular diseases to commercialise the iPSC-derived cardiomyocyte products developed by the two universities. Also, under the TLA, Cartherics gains access to technology developed by the universities related to propagation and characterization of the iPSC line and cells derived from it, for use outside the field of cardiovascular disease. A reciprocal revenue sharing arrangement applies to products developed and commercialised from the iPSC line in the field of cardiovascular disease and for products outside the field, respectively.
Cartherics’ Chief Executive Officer, Prof. Alan Trounson, commented: “Cartherics is enthusiastic about the development of innovative cellular therapies for regenerative medicine and is pleased to have been able to provide access to one of our stem cell lines to allow UQ and The University of Sydney to advance their MRFF project.”
