TxCell: Lonza To Make CAR Tregs

 | Jun 12, 2018 07:48AM ET

Txcell (PA:TXCL) has announced that Lonza Group AG (SIX:LONN), the biopharmaceutical and cell manufacturing global specialist, will produce its CAR Tregs. TxCell uses a robust manufacturing design to give low inter-patient variability with potentially consistent therapeutic results. The time needed to transfer and validate the process in Lonza will push the IND filing to H119, formerly by Q418 but with security of supply. TxCell has drawn €5.4m of convertible loans ytd and is seeking longer-term funding or a partnering deal. The indicative valuation remains at €87.9m.