* Acquisition includes Exacis' entire pipeline of engineered cell therapy programs for hematologic and solid tumors
"We are excited to bring this powerful platform into Eterna. With Exacis' pipeline of engineered iPSC-derived cell therapy candidates, we believe Eterna is well-positioned to develop more effective, targeted and highly differentiated medicines to treat cancer," said
The technology underlying Exacis' platform uses mRNA cell reprogramming and mRNA gene editing to create engineered iPSC-derived cells for use in the development of cancer therapies that can target nearly any cancer antigen. In contrast to DNA-based reprogramming and gene editing, the mRNA-based approach does not expose cells to expensive and potentially harmful viruses or DNA vectors. Eterna plans to use Exacis' platform to develop engineered cell therapies containing genomic edits designed to enhance their performance.
The terms of the acquisition include an upfront payment in shares of Eterna common stock, as well as milestone and other potential payments totaling up to
About Eterna Therapeutics
Eterna Therapeutics is a life science company committed to realizing the potential of mRNA cell engineering to provide patients with transformational new medicines. Eterna has in-licensed a portfolio of over 100 patents covering key mRNA cell engineering technologies, including technologies for mRNA cell reprogramming, mRNA gene editing, the NoveSlice(TM) and UltraSlice(TM) gene-editing proteins, and the ToRNAdo(TM) mRNA delivery system from Factor Bioscience. NoveSlice(TM), UltraSlice(TM), and ToRNAdo(TM) are trademarks of Factor Bioscience. For more information, please visit www.eternatx.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are any statements that are not statements of historical fact and may be identified by terminology such as "believe," "could," "estimate," "anticipate," "expect," "plan," "possible," "potential," "project," "will" or other similar words and the negatives of such words. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those stated or implied in any forward-looking statement as a result of various factors, including, but not limited to, uncertainties related to: (i) the evolution of Eterna's business model into a platform company focused on mRNA, iPS cell and gene editing technologies; (ii) Eterna's ability to successfully, cost-effectively and efficiently develop its technology and products; (iii) Eterna's ability to successfully commence clinical trials of any products on a timely basis or at all; (iv) Eterna's ability to successfully fund and manage the growth of its development activities; and (v) Eterna 's ability to obtain regulatory approvals of its products for commercialization. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in this communication speak only as of the date on which they were made, and Eterna does not undertake any obligation to update the forward-looking statements contained herein to reflect events that occur or circumstances that exist after the date hereof, except as required by applicable law. Factors that may cause Eterna's actual results to differ from those expressed or implied in forward-looking statements contained in this press release are more fully disclosed in Eterna's periodic public filings with the
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