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Genmab, Immatics Launch Up-to-$2.8B+ Cancer Immunotherapy Partnership

05:50 EDT 12 Jul 2018 | Genetic Engineering News

Genmab will partner with Immatics Biotechnologies to discover and develop next-generation bispecific cancer immunotherapies through a collaboration that could generate more than $2.8 billion for Immatics, the companies said today. The companies have launched a research collaboration designed to combine Genmab's technologies and antibody expertise with Immatics' XPRESIDENT ® targets and T-cell receptor (TCR) capabilities. Immatics agreed to grant Genmab an exclusive license to three of its proprietary targets, with an option to license up to two additional targets at undisclosed predetermined payments. Under the companies’ exclusive license agreement, Genmab agreed to pay Immatics $54 million upfront and up to $550 million in payments tied to achieving development, regulatory and commercial milestones for each product—up to $2.75 billion if cancer immunotherapies based on all five targets are developed—as well as tiered royalties on net sales. Copenhagen-based Genmab has developed two next-generation antibody technologies - ...

Original Article: Genmab, Immatics Launch Up-to-$2.8B+ Cancer Immunotherapy Partnership

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