BriaCell stock rises on license deal for anti-cancer agent

Aug. 04, 2022 9:36 AM ETBriaCell Therapeutics Corp. (BCTX)By: Ravikash, SA News Editor
  • BriaCell Therapeutics (NASDAQ:BCTX) stock rose 5% on Aug. 4 after the company said it secured an exclusive license from University of Maryland, Baltimore County (UMBC) to develop and commercialize Soluble CD80 (sCD80) as a biologic agent to treat cancer.
  • In animal models, sCD80 was well-tolerated and stopped tumor growth by potentially restoring natural anti-tumor immunity, BriaCell said in an Aug. 4 press release.
  • Under the agreement, BriaCell gains worldwide rights to develop and sell sCD80, while UMBC retains ownership of the patents.
  • BriaCell will pay royalties to UMBC upon sale of the product plus patent management costs.
  • "Based on the promising data in animal studies, we plan to explore the potential use of sCD80 technology as a therapeutic agent in combination with our other immunotherapies or on its own," said BriaCell's President and CEO Bill Williams.

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