On September 22, 2024 Adaptimmune Therapeutics plc (the "Company") reported to have entered into a Mutual Release and Resolution Agreement (the "Agreement") with Genentech Inc and F. Hoffmann-La Roche Ltd, (together "Genentech") (Filing, Adaptimmune, SEP 23, 2024, View Source [SID1234646808]). The parties entered into the Agreement following notice of termination of their Collaboration and License Agreement dated September 3, 2021 (the "Collaboration Agreement") on April 8, 2024 in order to, among other things, resolve and release each party from any and all past, present and future disputes, claims, demands and causes of action, whether known or unknown, related to the Collaboration Agreement in any way. Under the terms of the Agreement, Genentech will pay the Company $12,500,000, and the Collaboration Agreement will be terminated. The Agreement is effective as of September 23, 2024 following which each party to the Agreement is expressly released from any and all past, present and future disputes, claims, demands and causes of action, whether known or unknown, related to the Collaboration Agreement in any way.

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The foregoing description of the Agreement is only a summary of certain material terms thereof, and does not purport to be complete. The description is qualified in its entirety by reference to the complete text of the Agreement to be filed with the Securities and Exchange Commission in connection with the Company’s Form 10-Q for the quarter ended September 30, 2024.