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GSK agrees to buy myeloma T cell drug rights for up to $750M

GSK plc (GSK) announced an agreement to acquire full global rights to a potential best-in-class trispecific T cell-engager (TCE) for multiple myeloma from Chimagen Biosciences.

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Form Type
6-K

Rhea-AI Filing Summary

GSK plc (GSK) announced an agreement to acquire full global rights to a potential best-in-class trispecific T cell-engager (TCE) for multiple myeloma from Chimagen Biosciences. The programme is expected to enter phase I clinical trials in 2027, subject to customary closing conditions.

The TCE is designed to bind T cells while targeting two validated tumour-associated antigens, aiming for deeper and more durable responses and improved tolerability compared with existing TCEs. GSK states that this asset complements its existing multiple myeloma and broader blood cancer portfolio and builds on a prior agreement with Chimagen for a dual CD19/CD20 TCE.

Under the agreement, GSK will pay an upfront fee and may make additional success-based development and commercial milestone payments, for a total potential deal value of up to $750 million. GSK highlights external forecasts that the US TCE market for multiple myeloma could exceed $10 billion by 2032.

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Total potential deal value $750 million Maximum value of upfront and milestone payments under the acquisition agreement
Projected US TCE market size Over $10 billion Expected size of the US T cell-engager market for multiple myeloma by 2032
Multiple myeloma new cases Approximately 180,000 cases per year Estimated global annual incidence of multiple myeloma
Planned phase I start 2027 Expected start year for phase I clinical trials of the trispecific TCE
trispecific T cell-engager (TCE) medical
"a potential best-in-class trispecific T cell-engager (TCE) from Chimagen"
tumour-associated antigens medical
"targeting two strategically selected and validated tumour-associated antigens"
B-cell malignancies medical
"currently in phase I trials for B-cell malignancies and B-cell dependent"
autoimmune diseases medical
"improve the lives of patients with cancer and autoimmune diseases"
Autoimmune diseases are conditions in which the body's immune system mistakenly attacks its own cells, tissues or organs, causing chronic inflammation and damage—think of the immune system as a home security system that wrongly targets the house instead of intruders. Investors care because these illnesses create sustained demand for diagnostics, long-term treatments and specialty drugs, influence regulatory scrutiny and healthcare costs, and can shape the commercial outlook for biotech and pharmaceutical investments.
antibody engineering platforms medical
"generated by proprietary antibody engineering platforms"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did GSK (GSK) announce in this Form 6-K?

GSK announced an agreement to acquire full global rights to a trispecific T cell-engager for multiple myeloma from Chimagen Biosciences, described as a potential best-in-class asset and designed to improve efficacy and tolerability compared with existing TCEs.

What is the potential value of GSK’s deal with Chimagen Biosciences?

The agreement between GSK and Chimagen Biosciences has a total potential value of up to $750 million, comprising an upfront payment plus success-based development and commercial milestone payments, subject to customary closing conditions.

When is GSK’s newly acquired T cell-engager expected to enter clinical trials?

GSK expects the trispecific T cell-engager programme for multiple myeloma to enter phase I clinical trials in 2027, as part of its broader oncology portfolio focused on blood cancers.

How large could the US market be for multiple myeloma T cell-engagers?

External commercial forecasts cited by GSK indicate that the US TCE market for multiple myeloma is expected to exceed $10 billion by 2032, highlighting the potential commercial opportunity for this asset class.

How does this agreement fit into GSK’s broader oncology strategy?

GSK states that the deal aligns with its strategy of acquiring differentiated assets with validated targets in blood cancer and complements its existing multiple myeloma portfolio, alongside other oncology programmes such as antibody-drug conjugates and targeted kinase inhibitors.

What prior relationship exists between GSK and Chimagen Biosciences?

GSK notes a prior agreement to acquire CMG1A46, a clinical-stage dual CD19 and CD20-targeted T cell-engager currently in phase I trials for B-cell malignancies and B-cell dependent autoimmune disorders, indicating an ongoing collaboration with Chimagen.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
 
 
For the month of September 2026
 
Commission File Number 001-15170
 
 
GSK plc
(Translation of registrant's name into English)
 
 
79 New Oxford Street, London, WC1A 1DG
(Address of principal executive office)
 
 
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F . . . .X. . . . Form 40-F . . . . . . . .
 
 
 
Issued: 15 September 2026, London UK
 
GSK to acquire potential best-in-class T cell-engager (TCE) for multiple myeloma from Chimagen Biosciences
 
Trispecific TCE targeting T cells and two tumour antigens has potential for differentiated efficacy and safety over current TCEs
Programme to enter clinic in 2027
Deal aligned to GSK’s portfolio in blood cancer and approach of acquiring differentiated assets with validated targets
 
 
 
GSK plc (LSE/NYSE: GSK) today announced it has entered an agreement to acquire a potential best-in-class trispecific T cell-engager (TCE) from Chimagen Biosciences (Chimagen), a privately held biotechnology company. GSK plans to develop and commercialise the asset for multiple myeloma, with the programme expected to enter phase I trials in 2027.
 
TCEs have shown transformational efficacy in multiple myeloma but have been associated with difficult tolerability profiles. The Chimagen trispecific asset is designed to address this by binding to T cells while simultaneously targeting two strategically selected and validated tumour-associated antigens. This targeted approach aims to achieve a deeper and more durable response compared to existing TCEs, along with an improved tolerability profile. This could enable broader adoption and earlier use in multiple myeloma treatment, providing an important advancement for patients who may require multiple options depending on their treatment needs. The US TCE market for multiple myeloma is expected to exceed $10 billion by 2032.[1]
 
Hesham Abdullah, Senior Vice President, Global Head Oncology, R&D, GSK, said: “Today’s deal secures a promising T cell engager and advances GSK’s leadership goals in blood cancer. The agreement complements our existing portfolio in multiple myeloma, adding a new potential option to address the different needs of patients facing this complex disease.”
 
Zhenhao Zhou, Chief Executive Officer, Chimagen Biosciences, said: “Our mission has always been to translate cutting-edge innovation into life-changing medicines. Working with GSK combines our precision T-cell engager programme with their global development and commercial capabilities to redefine care for multiple myeloma patients. This agreement also marks another major milestone for our platforms as we continue to build an industry-leading pipeline of multi-specific antibody candidates.”
 
Multiple myeloma is the third most common blood cancer globally, with approximately 180,000 new cases diagnosed globally each year. [2],[3] While generally considered treatable, it is not currently curable, and research into new therapies is vital as the disease commonly becomes refractory to available treatments.[4]
 
The agreement builds on GSK’s existing relationship with Chimagen, following a previous agreement to acquire CMG1A46, a clinical-stage dual CD19 and CD20-targeted TCE currently in phase I trials for B-cell malignancies and B-cell dependent autoimmune disorders.
 
Financial considerations
Under the terms of the agreement, GSK will pay an upfront fee to acquire full global rights to the TCE programme. Chimagen will also be eligible to receive success-based development and commercial milestone payments. The agreement has a total potential value of up to $750 million.
 
This agreement is subject to customary closing conditions.
 
About Chimagen Biosciences
Chimagen Biosciences is a clinical-stage biotechnology company focused on the discovery and development of novel multi-specific T cell-engagers and NK cell-engagers generated by proprietary antibody engineering platforms. Its mission is to advance breakthrough therapies that improve the lives of patients with cancer and autoimmune diseases. For more information, please visit www.chimagen.com.
 
GSK in oncology
Our ambition in oncology is to help increase overall quality of life, maximise survival and change the course of disease, expanding from our current focus on blood and women’s cancers into lung and gastrointestinal cancers, as well as other solid tumours. This includes accelerating priority programmes such as antibody-drug conjugates Ris Rez targeting B7-H3 and Mo-Rez targeting B7-H4, and velzatinib, a highly selective KIT tyrosine kinase inhibitor.
 
About GSK
GSK is a global biopharma company with a purpose to unite science, technology, and talent to get ahead of disease together. Find out more at www.gsk.com.
 
GSK enquiries
 
 
 
Media:
Tim Foley
+44 (0) 20 8047 5502
(London)
 
Sarah Clements
+44 (0) 20 8047 5502
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+1 202 603 5003
(Washington DC)
 
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+1 540 742 3391
(Washington DC)
 
 
 
 
Investor Relations:
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+44 (0) 7881 269066
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Mick Readey
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Dan Smith
+44 (0) 7823 523885
(London)
 
Jeff McLaughlin
+1 215 751 7002
(Philadelphia)
 
Frannie DeFranco
+1 215 751 3126
(Philadelphia)
 
Cautionary statement regarding forward-looking statements
GSK cautions investors that any forward-looking statements or projections made by GSK, including those made in this announcement, are subject to risks and uncertainties that may cause actual results to differ materially from those projected. Such factors include, but are not limited to, those described in the “Risk Factors” section in GSK’s Annual Report on Form 20-F for 2025, and GSK’s Q2 Results for 2026.
 
Registered in England & Wales:
No. 3888792
 
Registered Office:
79 New Oxford Street
London
WC1A 1DG
 
 
 
[1] External commercial forecasts.
[2] Sung H, Ferlay J, Siegel R, et al. Global Cancer Statistics 2020: GLOBOCAN Estimates of Incidence and Mortality Worldwide for 36 Cancers in 185 Countries. CA Cancer J Clin. 2021;71(3):209-249. doi:10.3322/caac.21660.
[3] Kazandjian D. Multiple myeloma epidemiology and survival: A unique malignancy. Semin Oncol. 2016;43(6):676–681.doi: 10.1053/j.seminoncol.2016.11.004.
[4] Global Cancer Observatory. International Agency for Research on Cancer. World Health Organization. Multiple Myeloma fact sheet. Available at: https://gco.iarc.who.int/media/globocan/factsheets/cancers/35-multiple-myeloma-fact-sheet.pdf. Accessed 5 March 2025.
 
 
  
SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.
 
GSK plc
 
(Registrant)
 
 
Date: September 15, 2026
 
 
 
 
By:/s/ VICTORIA WHYTE
--------------------------
 
 
 
Victoria Whyte
 
Authorised Signatory for and on
 
behalf of GSK plc

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