Fujifilm, Bayer to Jointly Develop New Cancer Drug
Tokyo, July 2 (Jiji Press)--Japan's Fujifilm Corp. has said it will team up with Germany's Bayer AG on the development of a new immune-based cancer therapy platform using induced pluripotent stem, or iPS, cells, that come from someone other than the patient.
The German pharmaceutical giant will join the development by acquiring a stake in a new company set up in Philadelphia by a U.S. unit of Fujifilm and a U.S. medical venture firm, according to Monday's announcement by Fujifilm, a wholly owned subsidiary of Fujifilm Holding Corp. <4901>.
A total of some 250 million dollars is budgeted for the project.
The new therapy platform is expected to be a cost- and time-efficient cancer treatment as the use of someone else's iPS cells makes it unnecessary to create immune cells on a patient-by-patient basis.
[Copyright The Jiji Press, Ltd.]