other material
confidence high
sentiment positive
materiality 0.85
Atara closes expanded tab-cel partnership with Pierre Fabre; receives ~$27M upfront, up to $640M total
Atara Biotherapeutics, Inc.
- Pierre Fabre gets development, manufacturing, commercialization rights for tab-cel in US and all remaining markets.
- Atara receives ~$27M cash upfront and initial inventory purchase; potential milestones up to $640M total.
- Potential $100M in regulatory milestones through BLA approval; significant double-digit tiered royalties on net sales.
- Pierre Fabre to reimburse global development costs through BLA transfer; manufacturing transition planned at BLA transfer.
- Atara plans to submit tab-cel BLA for PTLD to FDA in Q2 2024.