Quarterly report pursuant to Section 13 or 15(d)

Sponsored Research and Clinical Trial Agreements

v3.20.2
Sponsored Research and Clinical Trial Agreements
9 Months Ended
Sep. 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 nine months ended September 30, 2020 and 2019, Aevitas recorded the following expense in connection with its sponsored research and clinical trial agreements:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Three Months Ended September 30, 

​

For the Nine Months Ended September 30, 

($ in thousands)

    

2020

    

2019

    

2020

    

2019

UMass - adeno-associated virus ("AAV")

​

​

163

​

​

—

​

​

218

​

​

—

UPenn - AAV

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​

—

​

​

255

​

​

567

​

​

755

Duke - AAV

​

​

—

​

​

17

​

​

—

​

​

17

Total

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$

163

​

$

272

​

$

785

​

$

772

​

Cellvation

For the three and nine months ended September 30, 2020 no expenses were incurred. For the three and nine months ended September 30 2019, Cellvation recorded expense of $0.1 million, 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 paid COH $0.8 million during the three months ended September 30, 2020 for costs 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 final study report or earlier.  Expense of $0.1 million an $0.8 million was incurred for the three and nine months ended September 30, 2020.

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 nine months ended September 30, 2020 and 2019, Mustang recorded the following expense in research and development for sponsored research and clinical trial agreements:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Three Months Ended September 30, 

​

For the Nine Months Ended September 30, 

($ in thousands)

    

2020

    

2019

    

2020

    

2019

City of Hope National Medical Center

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$

—

​

$

500

​

$

500

​

$

1,500

CD123 (MB-102)

​

 

48

​

 

269

​

 

344

​

 

1,028

IL13Rα2 (MB-101)

​

 

96

​

 

244

​

 

422

​

 

811

Manufacturing

​

 

—

​

 

114

​

 

—

​

 

343

CS1 (MB-104)

​

​

65

​

​

—

​

​

835

​

​

—

Beth Israel Deaconess Medical Center - CRISPR

​

​

—

​

​

—

​

​

—

​

​

69

St. Jude Children's Research Hospital - XSCID (MB-107)

​

​

107

​

​

—

​

​

1,665

​

​

—

Fred Hutchinson Cancer Research Center - CD20 (MB-106)

​

​

418

​

​

49

​

​

1,134

​

​

690

Total

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$

734

​

$

1,176

​

$

4,900

​

$

4,441

​

Oncogenuity

Pursuant to the terms of the Columbia License, Oncogenuity will pay up to $4.8 million to Columbia semiannually for five years ending in November 2024.

For the three and nine months ended September 30, 2020, Oncogenuity recorded expense of $0.2 million and $0.3 million, respectively, in research and development in the Company’s condensed consolidated statements of operations. No expense was recorded in 2019.