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Home » $120M up front: Takeda makes a big bet on Turnstone’s preclinical vaccinia immunotherapy platform
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$120M up front: Takeda makes a big bet on Turnstone’s preclinical vaccinia immunotherapy platform

Dec. 24, 2019
By Cormac Sheridan
Turnstone Biologics Inc. has found a major backer for its preclinical vaccinia-based oncolytic virus platform for cancer immunotherapy. Takeda Pharmaceutical Co. Ltd. is paying $120 million in up-front, near-term milestones and equity investment and could pay $900 million more in development, regulatory and commercial milestones to enter a strategic alliance with the New-York-based firm.
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