Quarterly report pursuant to Section 13 or 15(d)

Sponsored Research and Clinical Trial Agreements

v3.20.2
Sponsored Research and Clinical Trial Agreements
6 Months Ended
Jun. 30, 2020
Sponsored Research and Clinical Trial Agreements  
Sponsored Research and Clinical Trial Agreements

8. Sponsored Research and Clinical Trial Agreements

Aevitas

For the three and six months ended June 30, 2020 and 2019, Aevitas recorded expense of nil and $0.3 million and nil and $0.5 million, respectively, in connection with its sponsored research arrangement with the Trustees of the University of Pennsylvania. The expense was recorded in research and development expense in the Company’s Condensed Consolidated Statements of Operations.

Cellvation

For the three and six months ended June 30, 2020 and 2019, Cellvation recorded expense of nil and $0.1 million and nil and $0.1 million, respectively, in connection with its sponsored research arrangement with the University of Texas. The expense was recorded in research and development expense in the Company’s Condensed Consolidated Statements of Operations.

Mustang

CS1(MB-104) Clinical Research and Support Agreement with COH

In June 2020, Mustang entered into a clinical research and support agreement with COH in connection with an Investigator-sponsored study conducted under an Institutional Review Board -approved, investigator-initiated protocol entitled: "Phase I Study to Evaluate Cellular Immunotherapy Using Memory-Enriched T Cells Lentivirally Transduced to Express a CS1-Targeting, Hinge-Optimized, 41BB-Costimulatory Chimeric Antigen Receptor and a Truncated EGFR Following Lymphodepleting Chemotherapy in Adult Patients with CS1+ Multiple Myeloma." The CAR T being studied under this protocol has been designated by Mustang as MB-104. Under the terms of the agreement Mustang will pay COH $0.8 million for cost incurred and will reimburse COH for costs associated with this trial, when incurred, not to exceed $2.4 million. The agreement will expire upon the delivery of the a final study report or earlier.

XSCID (MB-107) Data Transfer Agreement with St. Jude

In June 2020, Mustang entered into a Data Transfer Agreement with St. Jude under which Mustang will reimburse St Jude for costs associated with St Jude’s clinical trial for the treatment of infants with X-linked Severe Combined Immunodeficiency (XSCID).  Pursuant to the terms of this agreement Mustang paid an upfront fee of $1.1 million on July 1, 2020 and will continue to reimburse St. Jude for costs incurred in connection with this trial.

For the three and six months ended June 30, 2020 and 2019, Mustang recorded the following expense in research and development for sponsored research and clinical trial agreements:

For the Three Months Ended June 30, 

For the Six Months Ended June 30, 

($ in thousands)

    

2020

    

2019

    

2020

    

2019

COH CAR T

$

$

500

$

500

$

1,000

COH – CD123 (MB-102)

 

65

 

456

 

296

 

759

COH - IL13Rα2 (MB-101)

 

234

 

225

 

326

 

567

COH – Manufacturing

 

 

115

 

 

229

COH - CS1 (MB-104)

770

770

Beth Israel Deaconess Medical Center - CRISPR

69

St. Jude – XSCID (MB-107)

1,558

1,558

Fred Hutch - CD20 (MB-106)

189

374

716

641

Total

$

2,816

$

1,670

$

4,166

$

3,265

Oncogenuity

In May 2020, Oncogenuity entered into a clinical research and support agreement with Columbia to further develop its ONCOlogues. Pursuant to the terms of this agreement, Oncogenuity will pay up to $4.8 million to Columbia semiannually for five years ending in November 2024.

For the three and six months ended June 30, 2020, Oncogenuity paid Columbia $0.4 million and recorded expense of $0.1 million in research and development in the Company’s Condensed Consolidated Statements of Operations. No expense was recorded in 2019.