July 20,2020

JW Therapeutics, a clinical stage biopharmaceutical company focused on developing, manufacturing and commercializing cell therapies for patients in China, today announced the acquisition of Syracuse Biopharma (Hong Kong, S.A.R., China) Limited, which includes the licenses for Eureka Therapeutics' ARTEMIS^? antibody TCR and solid tumor technologies for exclusive use in China and the ASEAN countries.

Terms of the transaction were not disclosed. Dr. Cheng Liu, Founder and CEO of Eureka Therapeutics, will join the Board of Directors of JW Therapeutics, and Victor Shum, Chief Business Officer and General Counsel of Eureka, will join as a Board Observer.

"We are excited to announce our acquisition of Syracuse to immediately expand our clinical development programs into solid tumors, especially the Hepatocellular Carcinoma (HCC) area," said Dr. James Li, Co-Founder and CEO of JW Therapeutics. "Syracuse and Eureka have developed an elegant approach to tackling solid tumors with their TCR-mimic and ARTEMIS^? technologies. We're looking forward to working with the teams to bring the next generation of T cell immunotherapies to patients."

"We are honored that JW Therapeutics, the industry leader in cell immunotherapies in China, has recognized the value of our ARTEMIS^? platform, and shared our passion and urgency for developing innovative immunotherapies for patients with cancers," said Dr. Cheng Liu, Founder and CEO, Eureka Therapeutics. "With JW's expertise, network and support, we hope to accelerate the development of our T cell therapies against solid tumors. The incidence rate of HCC is very high in China, and JW is well positioned to use their broad expertise to develop these therapies and bring them to patients faster."