Lakefront Biotherapeutics has completed the sale of its preclinical CAR-T cell therapy programs to Belgium-based Armed Cell Therapeutics. The deal includes an upfront payment of €8 million, potential milestone payments up to $230 million, and a low single-digit royalty for Lakefront. This sale marks the near completion of Lakefront's strategic exit from cell therapy, allowing Armed Cell Therapeutics to independently develop these advanced cancer therapies. Lakefront remains focused on its promising pipeline of T-cell engagers and maintains a strong cash position.
Lakefront Biotherapeutics sale of CAR-T programs is the story's subject. For readers following health stocks, here is Pluang's market snapshot as of Oct 15, 2026 03:02 WIB: Of 150 priced US health stocks, 90 rose and 60 fell. ALMS traded at USD 6.08 with a 1-day change of -7.39%, HRTX at USD 0.36 down 6.89%, and HIMS at USD 27.72 down 6.70%.
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