J&J pays $785M upfront to partner with Flagship's Sail Biomedicines on in vivo CAR-T for autoimmune diseases, with option to acquire Sail for $2.58B more.

Sail Biomedicines Announces Strategic Collaboration to Develop New Class of Medicines for In Vivo CAR-T

The deal with the buzzy Flagship Pioneering-backed startup makes J&J the latest large drugmaker to bet that the technology might be able to treat autoimmune conditions.