other material
confidence high
sentiment positive
materiality 0.60
ImmunityBio settles IP lawsuit with HCW, acquires TGFb trap assets and licenses
ImmunityBio, Inc.
- Settlement resolves arbitration and federal lawsuit with HCW Biologics; no monetary consideration from ImmunityBio.
- ImmunityBio receives ownership of IP and drug candidates HCW9218, HCW9219, HCW9209 for TGFb-related fusion proteins.
- HCW9218 is a bifunctional fusion protein (TGFb trap + IL-15) studied in Phase 1/1b trials for ovarian and pancreatic cancer.
- ImmunityBio also gets exclusive license to use TF Platform for oncology targets PDL-1, IL-7, IL-12, IL-18, IL-21, plus one more.
- Parties exchange mutual releases; ImmunityBio to dismiss arbitration after compliance with settlement terms.