FinancialsPoseida will receive a $50M upfront payment and is eligible for up to $550M milestone payments as well as tiered royalties from net sales.
ManagementThe appointment of Dr. Syed Rizvi as chief medical officer, who most recently served as CMO of Caribou Biosciences, strengthens the company's leadership team.
PartnershipThe new partnership brings in non-dilutive funding to support Poseida’s proprietary pipeline development and serves as a strong vote of confidence in its allogeneic CAR-T platform.