Earnings Call: Q4 2019

Feb 27, 2020

Good morning, ladies and gentlemen, and welcome to the Atara Biotherapeutics Q4 and Full Year 20 19 Financial Results Conference Call. I would now like to turn the conference over to your host, Doctor. John Craighead, Vice President of Investor Relations and Corporate Communication of Katara Biotherapeutics. Please go ahead. Thank you, operator. Good morning, everyone, and welcome to Atara's Q4 and full year 2019 conference call. On today's call, we will provide an update of our clinical, operational and strategic progress, as well as review our upcoming milestones and key objectives for 2020. Earlier this morning, we issued a press release providing an overview of the company's Q4 and full year 2019 financial results. This press release and an updated investor presentation are available in the Investor and Media section at attarabio.com. Joining me on today's call are Doctor. Pascal Tuchon, President and Chief Executive Officer Uphol Kopikar, Chief Financial Officer and Joe Newell, Chief Operations Officer and Doctor. Ajay Joshi, Chief Medical Officer. We begin with prepared comments from Pascal and then open the call for your questions. We'd like to remind listeners that during the call, the company's management will be making forward looking statements. Actual results could differ materially from those stated or implied by our forward looking statements due to risks and uncertainties associated with the company's business. These forward looking statements are qualified in their entirety by the cautionary statements contained in today's press release and the company's SEC filings. These statements are made as of today's date and the company undertakes no obligation to update these statements. Now, I'd like to turn the call over to Atara's President and Chief Executive Officer, Pascal Tuchon. Thank you, John, and thanks to all of you for joining us this morning. 2019 was a year of strategic prioritization and significant advancement of our T cell immunotherapy programs. I would like to highlight that we've made important progress on our 4 strategic priorities. We have also extended our cash position into Q2 2021, and we continue to leverage our tab cel experience to advance our innovative off the shelf T cell immunotherapy platform. Building on the significant progress and momentum, let me start by reviewing the recent highlights and anticipated milestone for tab cel. We are currently conducting a Phase III clinical trial with tab cell in patients with Epstein Barr virus or EDV associated post transplant lithoproliferative disease or PTLD in the relapsed refractory setting. Atara remains on track to initiate a tab cel BLA submission to the FDA in the second half of twenty twenty. We currently have 38 sites in the United States and Australia actively enrolling patients and are preparing to open additional sites in the U. S, Canada and Europe. To our visit end, we submitted clinical trial application, or CTA, to several European countries in November December of 2019, which will allow us to open clinical sites in Europe in 2020. We are excited as we recently received CTA approval in the U. K, Austria and Spain. These additional sites are being added to support full enrollment of the Phase III study. However, they are not necessary to meet the number of patients required for the planned Phase III interim analysis. Indeed, as I just mentioned, we continue to be on track to initiate a tab cel BLA submission for patient with EBV positive PTLD in the second half of twenty twenty. We plan to hold the pre BLA meeting with the FDA prior to this submission, during which we will discuss the totality of tab cel data we and our academic collaborators have generated, including the Phase III HCT and SOT cohorts, MSK Phase II studies and our expanded access program. As a reminder, we most recently presented data from BCAP in December 2019 at ASH Annual Meeting. These data comprised long term clinical results for 61 patients with diverse EBV associated diseases, including efficacy and safety data for 26 patients with relapsed refractory EBV positive PTLD and safety findings for 35 patients with other EBV associated disease. The data demonstrate that tab cel was generally well tolerated in all patients participating to this study. Importantly, in a subgroup of 22 patients with EBV positive PTLD, we would have likely met eligibility criteria for the ongoing tab cel Phase 3 study. The overall response rate for the HCT cohort was 55%, with a 2 year estimated overall survival of 79%. For the SOT cohort, overall response rate was 82%, and 2 year estimated overall survival was 81%. We also engaged in multiple activities designed to expand access to tab cel for patients in Europe. ATAR recently submitted a Pediatric Investigation Plan or PIP to EMA. Following EMA approval of the PIP, Atara plans to submit the tab cel EU marketing authorization applications for patients with EBV positive PTLD in 2021. The clinical data generated to date with our EAP and SPU programs also support the potential of tab cel as a transformative therapy in several other EBV associated disease. In the second half of twenty twenty, we expect to initiate enrollment of a tab cel Phase 2 multi cohort study, including up to 6 additional ultra rare EBV positive disease. In addition, we have enrolled the final planned patients in a Phase Ib portion of a Phase IbII clinical study of tab cel in combination with anti PD-one therapy in patients with platinum resistant or recurrent EBV associated nasopharyngeal carcinoma NPC. Prior to starting the Phase 2 portion of the study, we will evaluate the initial results of this Phase 1b as well as relapsed refractory NPC clinical landscape. I will now turn to ATA188, our allogeneic T cell immunotherapy for the treatment of patients with progressive multiple sclerosis. Recall that at Xtremes 2019, we reported encouraging early data from a Phase Ia multicenter open label dose escalation study, evaluating the safety and efficacy of ATA188 in patients with progressive form of MS. Safety results showed that across the 4 dual scores, ATA188 was well tolerated in patient with progressive MS. We reported at 6 months follow-up in the lowest dose cohort 1 of 6 patients with clinical improvement using the criteria we define at Xtrims. This improvement was also maintained at 12 months. In cohort 2, 2 out of 6 patients reached clinical improvement at 6 months. We recently selected the CORT3 dose to initiate the randomized double blind placebo controlled Phase Ib part of this study. Our decision to initiate the Phase Ib was based on achieving in Court 3 a predetermined criteria of an acceptable safety profile and 3 out of 6 patients achieving clinical improvement at 6 months for more than one clinical study site. Looking ahead, we expect to present updated clinical data at appropriate forms, including 6 months follow-up for all cohorts in Q2 2020 and 12 months follow-up for all cohorts in the second half of twenty twenty. Additionally, we recently retreated the first patients in the open label extension portion of the Phase 1a study, which is designed to allow patients who complete 1 year in a dose escalation portion of the study to be retreated annually using the Cohort 3 dose for up to 4 years. We are also on track to initiate enrollment of a randomized placebo controlled Phase Ib ATA188 study in the 2nd or Q3 of 2020. Site activation for this study is in process, and we are expecting an increased number of leading MS centers to participate in the U. S. And Australia. In addition, Atara and Leading Experts recently published a review article in Trends in Molecular Medicine regarding the mechanistic connection between EBV infection and MS. Now let's discuss our EBV CAR T platforms. At the 2020 Transplantation and Cellular Therapy Meeting last week, an academic team presented a clinical study in patients with relapsed refractory B cell malignancies treated with an off the shelf allogeneic CD19 CAR T made from primary donor or partially HLA matched third party donor, EBV T cells. In this first in human study, with this EBV CD19 CAR T cells, investigators observed durable complete responses for 5 out of 6 patients who received partially HLA matched EBV CD19 CAR T cells manufactured from 3rd party donors. No cytokine release syndromes or neurotoxicity above grade 2 and no dose limiting toxicities were observed post infusion with multiple EBV CD19 CAR T doses. Also, no confirmed GvHD was observed in patients who received 3rd party donor EBV CD19 CAR T cells. Importantly, investigators also observed durable complete response, CR, with median follow-up of 26.9 months for 5 out of 6 patients, who received partially HLA matched EBV CD19 CAR T cells manufactured from 3rd party donors, including 4 out of 4 responses in patient with NHL, one out of 1 response in patient with CLL and 100% survival with NHL and CLL. Findings from this study provide initial clinical proof of principle that an EBVT cell platform has a potential to generate off the shelf allogeneic CAR T immunotherapies with high and durable responses, low risk of toxicity and rapid delivery to patients. We continue to make progress in advancing our multiple CAR T therapeutic candidates. We expect that our collaborators at MSK will submit an IND to the FDA in the 2nd or Q3 of 2020 for AT A2,271 and autologous mesothelmine targeted CAR T in patients with advanced mesothelioma. This program incorporates next generation technologies, including a novel costimulatory domain, 1XX, that may offer greater persistence and more physiologic T cell signaling as well as a PD-one dominant negative receptor that is designed to provide intrinsic checkpoint inhibition and unlock the solid tumor microenvironment. Furthermore, we have started preclinical IND enabling studies for ATA-three thousand two hundred and seventy one, an off the shelf allogeneic EBV mesothelin targeted CAR T with the same next gen CAR T technologies as ATA-two thousand two hundred and seventy one. In addition, we have started preclinical IND enabling studies for ATA3219, an EBV CD19 targeted CAR T that incorporates 1XX. We believe Atara's off the shelf allogeneic EBV CAR T platform is differentiated and has tremendous potential as an engine for continued innovation, leveraging favorable EVV T cell safety, expansion, trafficking and persistence characteristics. Our dedicated facility in Fasonox has a flexibility to produce multiple T cell and CAR T immunotherapies and integrates preclinical and transactional research, process science, quality control and regulatory CMC capabilities under one roof. Such close integration enables rapid development and scale up of robust manufacturing processes to support our potential current and future clinical and commercial demand. The efficiency of our manufacturing platform capabilities has recently been demonstrated with significant improvement in our manufacturing yield with tab cel. Our commercial stage process is now enabling us to make over 400 doses from a single donor leukapheresis. Over time, we believe our commercial manufacturing process will allow for cost of goods profile similar to those of Biologics. In addition, with our lead program already in Phase III and t cell manufacturing commercial validation activities progressing well, we are creating a significant competitive advantage for Atara in other shells allogeneic T cell immuno therapies. Not surprisingly, we are seeing a strong level of interest from potential partners to access our off the shelf T cell platform, and we also see opportunities for potential partnership with the current product portfolio. On the operational front, earlier this month, we are pleased to welcome Christine Jarrima as the new Chief Commercial Officer. Doctor. Jarrima brings extensive hematology, oncology, neuroscience and autoimmune disease commercialization experience to Atara, which are very valuable as the company advances commercialization activities for tab cel. We also created a Chief Operations Officer role to continue to drive operational excellence across the company program and platform, and have appointed Drew Newell, ATAR Accurant's Chief Technical Operation Officer to this new role. Turning to our financial positions. We extended our cash runway into the Q2 of 2021. We ended 2019 with cash, cash equivalents and short term investment totaling 259,100,000 dollars as compared to $282,900,000 as of September 30, 2019. Of note, pro form a cash and investments as of December 31, 2019, including ATM and option exercise proceeds from January 2020, was $282,700,000 In closing, the progress we made in 2019 has positioned us well for tremendous success this year, delivering on key milestone for TapCel, our lead pipeline candidate, and further advancing other promising programs for the hard work of all Atara's employees. I'll now turn the call back to the operator to begin the Q and A portion of the call. Operator? Your first question comes from the line of Phil Nadeau with Cowen and Company. Congrats on the progress. Just a couple on tab cel. First, since you're guiding to having a pre BLA meeting in the second half of this year and starting the filing even later in the second half of this year. It would seem that you've sufficiently enrolled enough patients for the interim analysis. Is that accurate? Thank you, Phil, for your questions. We are not making any comment on the enrollment at this stage. And we're confirming our guidance that we plan to initiate filing of the BLA in the second half of twenty twenty following pre BLA meeting with the FDA, where we'll present the totality of data. And what's your most recent thinking on when you publicly release the data from the interim analysis? Is that likely to happen with the filing? Or would it be sometime later? As we said, we plan to, of course, present these data on the study at an appropriate congress, but we do not intend to do that before the filing. And we want to preserve the integrity of what is an open clinical study, where we will start to initiate the filing with an interim analysis of the data. So we will certainly discuss with the FDA during a pre BLA meeting what is the best way to be able to communicate this data in due time. But at the same time, the initiation of the BLA filing by itself is a material event. So we'll indeed communicate publicly that we have initiated the BLA filing. Great. And then last question for me is on the requirements for completing the filing and starting the PDUFA time clock. Do you think you'll be in a position to clarify what those requirements are at the time of the BLA filing at the time of the initiation of the filing? Or will even more in subsequent discussions happen with the FDA once the initial filing is made as to exactly what will be necessary to get the PDUFA time clock started? When we will communicate about the initiation of the BLA filing, we will be hopefully able to give more details on that particular BLA filing and hence about what is the anticipated time of completion. Got it. Perfect. Thanks for taking my questions. Your next question comes from the line of John Newman with Canaccord. You may ask your question. Just curious, it sounds like you have been adding additional trial sites for tab cel. Just wondering if you have a target number in mind for the total number of sites that you would like to have open and actively enrolling patients? Thank you, John for your question. A. J, do you want to take that one? Sure. So I think, first off, we have as you know, we have 38 sites open in the U. S. Today. And it's important to note that those 38 sites are the number that's necessary to achieve that interim analysis time point, so that we can have the initiation of the BLA in the second half of twenty twenty. In terms of Europe, Canada and other sites, I can give you a general sense that in Europe, we'd enroll probably up to about 24 sites. Okay, great. And then in terms of the data that are coming this year for ATA188 in MS, how should we be thinking about kind of the key points from that data? I know that you have sort of a different way of looking at the efficacy based on a composite. Just curious as to how we should be thinking about the efficacy when you give us data with the 6th and 12 month follow-up there? Sure. So in the first half of twenty twenty, we should expect 6 month data on all four cohorts and then also 12 months data on the first three cohorts. We've talked about the types of analyses that we do in the initial the way we describe the initial data was really meant as for signal seeking and making decisions about the trial. And as you know, we've achieved our goal in the Phase 1 study, which is safety and that and the decision to move forward with the Cohort 3. We do expect to present some additional composite disability measures in that first half twenty twenty timeframe as well as the second half. Okay, great. Thank you. Your next question comes from the line of Matt Phipps with William Blair. You may ask 1st, I guess, a follow-up on Phil's question. So really the next kind of material disclosure we get on tab cel then would be the initiation of the rolling submission. Is that correct? Or could there be a material update ahead of that? So our current plan is, as I say, to communicate what we believe will be a material update, I. E, initiation of the BLA filing in the second half of twenty twenty. Got it. And then just two other questions on the pipeline. I guess, you mentioned the final patient was enrolled in the nasal pharyngeal carcinoma study. Is it possible we see results later this year? Is that something for early 2021? And then I realize this is an investigator sponsored study, but do you anticipate MSK providing an update on the 1st gen mesothelin CAR at some point this year? I know they've been enrolling patients beyond mesothelioma as well. So just curious if you've had any discussions with them on their plans there? Okay. Thank you. Matt, first question, A. J? Sure. So Matt, regarding the MPC study, we've enrolled, as you indicated, we enrolled the final patient in the Phase 1b portion of the study. And our anticipation is we're going to evaluate the results and actually the entire NPC landscape, because as you know, that whole treatment landscape has been evolving. So as the results mature and we assess the landscape, we'll then make 1st generation mesothelin CAR T, as you said, this is an 1st generation mesothelin CAR T, as you said, this is an investigator initiated study. What we understand is that the investigator is continuing to follow-up these patients and also including additional patients in that study, it is we understand the intent of the investigator at the appropriate stage to communicate further results of that study in Congress. We cannot comment at this stage on which one or when exactly that will occur, but that's certainly the plan of the investigator. Thanks for taking my questions. Again, ladies and Your next question comes from the line of Salim Syed with Mizuho Securities. You may ask your question. Hey, guys. Thanks very much for taking my questions and thanks for all the color as usual. Just a few for me on the multiple sclerosis program. A. J, did I hear you correctly in saying that we're going to be getting 12 months data either at AAN or EAN for the Cohort 3? So in terms of 12 month data in the first half of twenty twenty, absolutely, we would be getting 12 month data through courts 1 through 3. Okay. For all 6 patients in that cohort? Yes. Okay. So when we're thinking about ATA-one hundred and eighty eight, I know this was something that came up at Ectorum's last year, are you guys still thinking here that the that we're going to need 12 month data for investors to really diligence the ATA188 efficacy profile or will 6 months data be enough when we're going into AAN and EAN where we present the data, will that be enough of a time duration to diligence this data set? I think when you take a look at certainly in all MS studies, you like to see some duration of response. So like anything else, 12 months is better than 6 months. When we talk about the ultimate proof of concept, that certainly is going to come at the 1 year endpoint of the Phase 1b randomized portion. But certainly the 12 month data off of this portion of the study would provide good additional support, I think. Okay. And lastly for me, on the redosing for multiple sclerosis, are you guys expecting upon redosing at the 1 year time point and the 2 year time point further improvement in disability or some sort of plateauing? We don't really have data to suggest one way or the other. Obviously, we'd love it if we have further improvement. But I think the most important thing is whatever improvement we achieve, if you're able to maintain that, that is already a major win in progressive MS. So that should be our baseline that we work off of. Okay, excellent. Thanks so much. Your next question comes from the line of Ben Burnett with Stifel. You may ask your question. So this is a question regarding CAR T. So how has the Memorial Sloan Tethering study impacted your thinking on lympho depletion and whether or not this needs to be done and what and to what extent you think this could be done in the outpatient setting? Thank you for your questions. I think as you know, this study that was presented last week is an academic study in 10 patients, and that study has gone for some time with different type of lymphodepletting regimen used in these patients. So we do not think we can draw a conclusion right now on what will be possible, if any, lymphodepletion regimen for ATA-three thousand two hundred and nineteen. This is something that we plan to study in our 1st in human study. However, what we're going to do is to work with MSK on this particular set of data that they have and more particularly on samples that they have of blood marrow and blood to be able to better understand the expansion and persistence of the EBV CAR TCD19 T cells in these patients and see whether there is any relationship whatsoever with the lymphodepletting regimen that they've had. So that will be informative for us as we design the protocol of our 1st in human study with ATA-three thousand two hundred and nineteen. Okay. Perfect. And then just one more question on ATA-two thousand two hundred and seventy one. What's gating for the mesothelioma and D submission? And are there any plans to develop this in addition in solid tumors outside of mesothelioma? So thank you. There is no particular gating. It's just the time needed to put together all the data. Things are on track, progressing well. And of course, there will be the time then to submit that IND. As we said, it will be done by collaborators at MSK in the 2nd or Q3 2020. Now the first in human with this very innovative construct of CAR T is going to be in advanced mesothelioma, but we are already discussing with investigators about the possibility to use this construct, this new CAR T in other type of solid tumors that are overexpressing mesothelin and particularly so ovarian cancer and pancreatic cancer. Okay, perfect. Those are all my questions. Thank you. Your next question comes from the line of Anupam Rama with JPMorgan. You may ask your question. Hi, guys. Good morning. This is Tessa on the call today for Anupam. Thank you for taking our questions here. Perhaps I could ask about your most up to date thoughts on the market size for the initial EBV positive relapsedrefractory PTLD indication in the U. S. And then maybe ex U. S. As well in key geographies? And then how are you thinking about sort of the size and scope of sales infrastructure to sort of address these the patients globally? Thanks so much. Thank you very much for your question. So as we already indicated, we believe that in the U. S, the setting of our studies that could lead to a potential indication in relapsed refractory PTSD is around is a natural rare disease, which means that we believe there are several 100 patients in the U. S. That could benefit potentially from tab cel. We believe also that a similar number exists in Europe and also a similar type of number exists in the rest of the world beyond the United States and Europe. So this is an ultra rare indication. This is our first indication for tab cel that we hope will be followed by several other indication. As we confirm today, we're going to start in the second half of twenty twenty enrolling the multicore study with up to 6 type of ultra rare disease that could lead to up to 6 additional indications there that are going to increase the size, we believe, by at least a factor of 4 of the population that could be treated efficiently by tab cel. In terms of the commercial organization that is needed there, with this being an ultra rare disease and having no other treatment approved today for that disease, we believe that the commercial organization that will be needed to make sure that patients can access tab cel is of limited size. It will be typical of an ultra rare disease type of commercial organization. Your next question comes from the line of Maury Raycroft with Jefferies. You may ask your question. Hi, good morning. This is Farsin on for Maury. So the MSK data looked quite promising, especially on the overall survival aspects. But how confident are you that the non standard conditioning lymphodepletion contributed to the survival benefit? So again, this study is, we believe, clinical proof of principle that the EBV based CD19 CAR T allogeneic of the shelves as the 6 patients where the cells were coming from 3rd party donors are demonstrating, is feasible, is safe and is effective. Now there are a limited number of patients, we recognize that, as well as different type of disease. But altogether, the comprehensive nature of this data are a clear clinical proof of principle that allogeneic over shelf CD19 EBV CAR T are again safe and effective. And we are particularly encouraged by the long term durability of the response. If you think about 5 out of 6 patients with CR and VCR being durable with, in fact, survival following the follow-up of 26.9 months, survival of 100% in the patient with NHL and CLL. These are very encouraging data about the effect of this allogeneic of the shelf EBV CD19 CAR T. I see. Thank you. And have you considered like what conditioning regimen and variables you're going to do in your ATAR-one study? And which ones you should focus on? First of all, what we're going to bring to the clinic is a different product. This is ATA-three thousand two hundred and nineteen, which is also based on EBV T cells, but using ATARA on process and especially using a new co stimulatory domain, 1XX, which is there to bring increase potentially increased persistence of the cells and less exhaustion of the T cells. So that's a different product. But of course, we'll be informed in our 1st new month study protocol and follow-up by the experience that this academic team has obtained with these constructs, which is again a different product from ATA-three thousand two hundred and nineteen. But that's why we say that this is a clinical proof principle, but ATA-three thousand two hundred and nineteen is really the product we are supporting the development of. We have started, as we say, preclinical IND enabling studies for that product to bring it to the clinic as soon as possible and to be able to prove the concept of our EBV T cell CAR T platform and the ability to treat patients safely, effectively with another shelf treatment that could be available within days to patients. Thank you. Your next question comes from the line of Tony Butler with Roth Capital. You may ask your question. Hey, good morning. This is Tash dialing in for Tony here. Just a quick question on 32.19 and continuation of your latest comment. Based on the learnings from the TCT Congress data, do you have any specific plan as to what kind of population that you'll be targeting with, say, CLL initial versus ALL? We are not communicating at this stage what will be the protocol and the type of patient we'll address in our first human, but we'll do so at the appropriate time. Clearly, we believe that there is a medical need today that still exists in the population of NHL patients, CLL patients, ALL patients. We will have ourselves to decide at the time we enter the clinic where we want to focus, but we believe that ATA-three thousand two hundred and nineteen has a potential to bring significant benefit to patients. Thank you. That helps. Your next question comes from the line of Nizal Mokomovitz with Citi. You may ask your question. Hi, this is Samantha on for Yigal. Thanks for taking our questions. I wanted to sort of build on a prior question on the CBD CAR T study presented at TCT. Can you talk about any other differences outside of the 1XX stimulatory domain that AT-three nineteen will have versus the CAR T's used in that study? And with these differences between the two products, what should we think about the read through in terms of the data that was presented there and the differences you think might show up in your clinical program? So a few things. First of all, what we're doing with ATA-three thousand two hundred and nineteen is to develop a product through a proper manufacturing process and development phase. So this will not be an academic type of study. It will be ATARA study developing that particular product. And the differences that we anticipate at this time is mainly the difference in the cost inventory domain as well as in the manufacturing process to have a product that not only allows us to prove in the clinic potentially safety, efficacy and persistence and durability there, but also this is helping to build our platform of AlloCAR T. As you know, ATA-three thousand two hundred and nineteen is just one of the allogeneic EBV based CAR T that we are developing. And advancing that hook pre IND enabling studies, IND first in human is going to help us to continue to progress with our platform. We've made significant progress about it, and we're going to leverage that progress. So two key differences will be 1XX and the manufacturing process. And we believe that, in particular, 1XX is going to bring some significant potential advantage In preclinical studies, this particular costimulatory domain has shown that is indeed inducing less exhaustion of the T cells and more persistence. So that's something that is certainly going to bring some potential benefit. And at the same time, the fact that we built a robust manufacturing process, allowing us not only to make allogeneic CD19 CAR T based on EBV T cells, but other type of allogeneic CAR T based on EBV T cells will be something very important there. And there were some particular details in the presentation of the academic team last week. Just to give you an example, the level of CAR T sales transaction that they had at 20.5% is something that we believe can and is to be improved by our manufacturing process as well as the yield the possibility to make significant number of doses from one leuco pack. As you know, recently, we've announced that with tab cel, which is, at the beginning, the same type of process where we harvest cells from El Sildonus, we select and activate these cells, we are now able to make 400 doses from 1 Leuco Pak. So this type of efficiency of our manufacturing process is what we want to see in the manufacturing of ATA-three thousand two hundred and nineteen. And the preclinical stage we are at right now is indicative that we are on the right track in terms of making not only rapidly bringing the product to the clinic, but also making manufacturing this product in a very efficient way. Got it. Thank you for all the detail. Very helpful. But that sort of leads into my other question. When we think about your CAR T pipeline long term, should we anticipate you using the EDV CAR T platform that you mentioned you're building out here? And you had a comment about partnering potential. Is it this platform that you're thinking about versus, say, like the partnership with MSK for the ATA-two-two seventy one? Thank you for your question. So clearly, our current pipeline in CAR T in terms of strategic priorities is having 2 allogeneic CAR T based on EBV T cells, ATA-three thousand two hundred and nineteen, that is in preclinical IND enabling studies and ATA-three thousand two hundred and seventy one, the mesothelin targeted allogeneic CAR T that is also in preclinical IND enabling studies. So these are the 2 that are the most advanced. We have also activities with our collaborators at Memorial Sloan Kettering as well as at Moffitt Cancer Center in Tampa, where at the earlier stage, we have some exciting type of CAR T that are being developed. And these are developed first by these academic collaborators as autologous CAR T. And once we are moving into a full development, we're going to, as usual, develop an allogeneic version based on EBV T cells. What we've built is a true allogeneic CAR T platform based on these EBV T cells. And this is an allogeneic CAR T platform that benefits from the work we've done on tab cel as well as the work we're doing on ATA188. So there is a clear correlation between these. We have the most advanced allogeneic T cell immunotherapy with tab cel as it is now in Phase III, and we don't know any other that is in Phase III at this stage right now. We have the robust manufacturing process there. We're going to leverage that, and that's what we do every day, our team is doing every day in our manufacturing unit, leveraging that experience to make robust and efficient process for allogeneic CAR T based on EBT cells. Getting your question on partnering, as we say, we have a very advanced platform for allogeneic CAR T. So that's why there is strong interest regarding the possibility to partner with around this platform to be able to develop, create, develop and make allogeneic RTEs. And at the same time, we will also open the discussion on partnering other assets of our pipeline. Got it. Thanks very much for taking the questions. I'm showing no further question Thank you very much, operator. So thank you very much for being there today for our conference. Clearly, we are making significant progress. This is an exciting time for all of us at Atara, and I'm very pleased to have had the opportunity to our recent accomplishments and discuss our upcoming milestone for 2020. We have a great deal of momentum coming into 2020, and I look forward to updating you on our continued progress in the months ahead. We aim at transforming the lives of many patients in need across various serious disease, and this is possible only for the contribution of many individuals to whom we are very thankful, including our shareholders, our committed employees, our clinical investigators, our academic collaborators and of course, all the patients that are participating in our studies. Thank you very much. Ladies and gentlemen, this concludes today's conference. Thank you for your participation and have a wonderful day. You may all disconnect.