ImmunoGen Entered into a Multi-Target License and Option Agreement with ImmunoBiochem to Develop Antibody-Drug Conjugates
Shots:
- ImmunoBiochem will receive an up front & will be eligible to receive milestones upon achievement of pre-specified development, regulatory & commercial milestones along with royalties as well as eligible to receive an option exercise fees if it chooses to exercise this option
- ImmunoGen gets an exclusive license to existing Abs (generated by ImmunoBiochem) directed against a specific undisclosed target and will also get an option to select additional targets & Abs to license based on preclinical work undertaken by ImmunoBiochem
- ImmunoGen will lead the future clinical development & commercialization activities along with all R&D associated with that program. The collaboration will combine ImmunoGen's linker-payload technology with ImmunoBiochem's Abs directed against specific targets
Ref: Businesswire| Image: ImmunoGen
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