Adaptive Biotechnologies, Genentech to Terminate Strategic Agreement

Dow Jones
08/18
 

By Connor Hart

 

Adaptive Biotechnologies said Monday that its strategic collaboration and licensing agreement with Genentech will be terminated, effective Feb. 9, 2026.

Adaptive and Genentech, a unit of Roche, entered the agreement in 2018 to collaborate on research and development of certain cancer cell therapy products.

As a result of the termination, the companies will wind down all activities under the agreement. Upon its closing, Adaptive said it will be released from exclusivity obligations regarding cell therapies in oncology.

Adaptive said it expects to recognize $33.7 million in non-cash revenue during the back half of the year from the remaining amortization of the cash consideration received under the agreement.

Shares of Adaptive fall 1.7% in premarket trading.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

August 18, 2025 08:53 ET (12:53 GMT)

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