CytoMed Therapeutics Limited announced entering into a Memorandum of Understanding (MOU) with Hangzhou CNK Therapeutics Co. Ltd. (CNK). Under the terms of the agreement, CytoMed will be able to utilize CNK's PiggyBac technology to permanently graft the Chimeric Antigen Receptor (CAR) gene directly into its patented gamma delta T-cells through a non-viral gene editing method.

The MOU will have an initial duration of one-year, with an option to renew and remains subject to definitive agreements and other customary closing conditions. In addition, there remains a possibility for CytoMed and CNK to engage in a joint venture to conduct clinical trials within China.