Adaptive and Genentech terminate cell therapy collaboration; $33.7M non-cash revenue in H2 2025

Adaptive Biotechnologies Corp

Strategic Collaboration and License Agreement with Genentech terminated Aug 13, 2025; effective Feb 9, 2026.
Adaptive expects $33.7M non-cash revenue in H2 2025 from remaining amortization of cash consideration.
Company released from exclusivity obligations in oncology cell therapies.
Ongoing Immune Medicine programs: digital TCR-antigen models, T-cell depletion in autoimmunity, FY2025 cash burn target $25-30M.

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