Release details

2019-06-01 07:00 CEST
  • Print
  • Share Share
en nl

Biocartis Group NV: Biocartis and Kite Sign Agreement for Development of Assays supporting Kite's Therapies

PRESS RELEASE: 1 June 2019, 07:00 CEST

Biocartis and Kite Sign Agreement for Development of Assays supporting Kite's Therapies

Mechelen, Belgium, 1 June 2019 - Biocartis Group NV (the 'Company' or 'Biocartis'), an innovative molecular diagnostics company (Euronext Brussels: BCART), today announced that it has entered into a Master Development and Commercialization Agreement with Kite, a Gilead Company (a pharmaceutical company engaged in the development of innovative cancer cell therapies). The agreement is aimed at the development of molecular-based assays on Biocartis' molecular diagnostics Idylla(TM) platform that are supportive to Kite's therapies. Kite is a subsidiary of Gilead Sciences (Nasdaq: GILD) that, as part of its commitment to patients and their physicians, is exploring innovative technologies that one day may support their care.

Over the past years, immunotherapies - a form of cancer therapy where the power of a patient's immune system is harnessed to attack tumors - emerged as an important new pillar in cancer treatment. Cell therapies (such as CAR-T[1] therapy or TCR[2] therapy) are a specific form of immunotherapy where a patient's own immune cells (i.e. T-cells) are genetically engineered to reprogram these T-cells to specifically attack tumor cells. The speed and ease-of-use of the Idylla(TM) platform could enable regular and rapid monitoring of patients under such cancer cell therapies in a near patient setting, which is expected to help optimize patient management.

The collaboration with Kite is Biocartis' second assay development partnership in the immunotherapy domain, a fast growing market and one of the key strategic focus areas of the Idylla(TM) assay menu. Cell and checkpoint blockade[3] therapies are expected to cover a wide range of complementary indications in solid and hematological tumors, and may be used depending on the tumor's immune activity status.

Herman Verrelst, Chief Executive Officer of Biocartis, commented: "We are very pleased to expand our initiatives in the field of immune-oncology through this assay development project with Kite. Being one of the leaders in the field of anti-cancer cell therapies, they have in-depth knowledge about the current and future diagnostic needs of that therapeutic segment. The collective expertise gained through this partnership further supports one of our long-term strategic goals, aimed at building a menu of high quality and rapid molecular immunotherapy tests on Idylla(TM)."

Financial details on the agreement with Kite are not disclosed.

--- END ---

More information:
Renate Degrave
Head of Corporate Communications & Investor Relations
e-mail   rdegrave@biocartis.com
tel         +32 15 631 729
mobile   +32 471 53 60 64

About Biocartis 
Biocartis (Euronext Brussels: BCART) is an innovative molecular diagnostics (MDx) company providing next generation diagnostic solutions aimed at improving clinical practice for the benefit of patients, clinicians, payers and industry. Biocartis' proprietary MDx Idylla(TM) platform is a fully automated sample-to-result, real-time PCR (Polymerase Chain Reaction) system that offers accurate, highly reliable molecular information from virtually any biological sample in virtually any setting. Biocartis is developing and marketing a continuously expanding test menu addressing key unmet clinical needs in oncology. This area represents the fastest growing segment of the MDx market worldwide. Today, Biocartis offers tests supporting melanoma, colorectal and lung cancer. More information: www.biocartis.com. Press Photo Library available here. Follow us on Twitter: @Biocartis_.

About Kite
Kite, a Gilead Company, is a biopharmaceutical company based in Santa Monica, California. Kite is engaged in the development of innovative cancer immunotherapies. The company is focused on chimeric antigen receptor and T cell receptor engineered cell therapies. For more information on Kite, please visit www.kitepharma.com.

About Gilead Sciences
Gilead Sciences is a biopharmaceutical company that discovers, develops and commercializes innovative therapeutics in areas of unmet medical need. The company's mission is to advance the care of patients suffering from life-threatening diseases. Gilead has operations in more than 35 countries worldwide, with headquarters in Foster City, California.

Biocartis and Idylla(TM) are registered trademarks in Europe, the United States and other countries. The Biocartis and Idylla(TM) trademark and logo are used trademarks owned by Biocartis. This press release is not for distribution, directly or indirectly, in any jurisdiction where to do so would be unlawful. Any persons reading this press release should inform themselves of and observe any such restrictions. Biocartis takes no responsibility for any violation of any such restrictions by any person. Please refer to the product labeling for applicable intended uses for each individual Biocartis product. This press release does not constitute an offer or invitation for the sale or purchase of securities in any jurisdiction. No securities of Biocartis may be offered or sold in the United States of America absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended.

Forward-looking statements
Certain statements, beliefs and opinions in this press release are forward-looking, which reflect the Company's or, as appropriate, the Company directors' or managements' current expectations and projections concerning future events such as the Company's results of operations, financial condition, liquidity, performance, prospects, growth, strategies and the industry in which the Company operates. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward-looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward-looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release. 



[1] In CAR-T therapies, T-cells are genetically engineered to express a so-called 'CAR' or chimeric antigen receptor. These chimeric antigen receptors are genetically engineered proteins that give T-cells the mechanism to bind to a particular protein present on the surface of a cancer cell. The binding proteins (receptors) are termed "chimeric" because they combine the natural T-cell functions of the receptor with the new antigen-recognizing function.

[2] In TCR therapies, the T-cell receptor of T-cells is genetically engineered such that the T-cells can recognize a particular protein on the cell surface of a cancer cell or inside a cancer cell, allowing them a broader range of potential targets compared to CAR-T cells that are limited to recognizing cell surface antigens.

[3] Such as Opdivo® from BMS.

HUG#2245437