CytoMed Therapeutics Forms Strategic Partnership with SUNACT for Cancer Treatment Trials

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Form 6-K
Filed on: 2025-01-06
Source
CytoMed Therapeutics Forms Strategic Partnership with SUNACT for Cancer Treatment Trials

Key Information Extracted from the Financial Report (Form 6-K)

  1. Filing Details:
  • Type: Form 6-K
  • Commission File Number: 001-41677
  • Filing Date: January 6, 2025
  1. Company Information:
  • Name: CytoMed Therapeutics Limited
  • Address: 1 Commonwealth Lane #08-22, Singapore 149544
  1. Business Collaboration:
  • Partner: Sunact Cancer Institute Private Limited (SUNACT)
  • Agreement: Business Research Collaboration Agreement (BRCA) dated December 30, 2024.
  • Purpose: To jointly establish and conduct clinical trials for unmodified gamma delta T Cells, aimed at treating solid tumors.
  • Territory: The collaboration covers South Asia (including Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, Sri Lanka, and Afghanistan) and Dubai.
  1. Roles and Responsibilities:
  • CytoMed Therapeutics: Responsible for manufacturing and supplying the product, providing scientific expertise, laboratory support, and clinical data management.
  • SUNACT: Will lead clinical trial operations, including regulatory approvals, patient recruitment, and trial guidance.
  1. Joint Venture:
  • A new Joint Venture Company (JVC) will be established with an initial 50/50 shareholding structure between the two organizations.
  1. Regulatory Timeline:
  • Both parties must submit relevant applications for clinical trial approval within 12 months of signing the agreement.
  • Collaborative efforts will continue into the commercialization phase after successful clinical trials.
  1. Additional Filings:
  • The company has also filed Form S-8 with the Securities and Exchange Commission on the same date (January 6, 2025).
  1. Exhibit:
  • A press release titled "CytoMed Therapeutics signs Business & Research Collaboration Agreement with India’s SunAct Cancer Institute Private Limited to advance use of allogeneic off-the-shelf Gamma Delta T Cells for treatment of solid cancers in a proposed Phase 2 clinical trial in India" is included as Exhibit 99.1.

Insights:

  • This collaboration highlights CytoMed's strategic move to expand its clinical research capabilities and market presence in South Asia.
  • The establishment of a Joint Venture indicates a commitment to shared risk and resource pooling, potentially enhancing the effectiveness of the clinical trials.
  • The requirement for timely submission of regulatory applications emphasizes the urgency and planned progression of this initiative.

Overall, the report indicates a significant step for CytoMed Therapeutics in advancing its product offerings through strategic partnerships, aiming to leverage clinical and manufacturing expertise to enter new markets.