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JUNO > CAR-T powerhouse Juno allies with gene-editing upstart Editas in $737M deal

http://www.fiercebiotech.com/story/car-t-powerhouse-juno-allies-gene-editing-upstart-editas-737m-deal/2015-05-27

One of the leaders of the CAR-T revolution has now aligned itself in an R&D collaboration with one of the top biotechs to emerge in the hot gene editing field. Juno Therapeutics is tying the knot with Editas on three programs, handing over $47 million in an upfront payment and three years of research support along with up to $690 million in milestones.

Juno is paying Editas $25 million for an upfront payment and $22 million for the research support at Editas. Each program in the pact will also be tied to up to $230 million in milestones.

Juno only recently settled a squabble with Novartis ($NVS) and researchers at the University of Pennsylvania over ownership of the T cell tech they both work with, earning a royalty on the pharma giant's drugs. But Editas still faces a showdown with rivals at Intellia, Caribou and CRISPR Therapeutics over the IP used in gene editing.