Press Release

Immatics Announces Collaboration With Moderna

September 11, 2023

Reston – September 11, 2023 – Cooley advised Immatics, a clinical-stage biopharmaceutical company active in the discovery and development of T cell-redirecting cancer immunotherapies, on its strategic collaboration with Moderna. Lawyers Kenneth Krisko and Stephanie Palmer led the Cooley team advising Immatics.

The collaboration combines Immatics’ T cell receptor (TCR) platform with Moderna’s cutting-edge mRNA technology. Immatics will receive an upfront payment of $120 million, and the company is eligible to receive development, regulatory and commercial milestone payments that could exceed $1.7 billion.

Cooley previously advised Immatics on its collaborations with Bristol Myers Squibb in June 2022 and December 2021, and its collaboration with Roche in December 2013.

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