#BioFigures: €406 Million Antibody-drug conjugate Deal struck by ImmunoGen andTakeda

30/03/2015 - 3 minutes

WHO?

ImmunoGen is a biotechnology company that develops targeted anticancer therapeutics using its state-of-the-art antibody-drug conjugate (ADC) technology. The Company’s uses tumor-targeting antibodies to deliver an ImmunoGen cell-killing agent specifically to cancer cells. The first product with ImmunoGen’s ADC technology is Roche‘s Kadcyla. ImmunoGen has three wholly owned product candidates in clinical testing with additional compounds in clinical testing through the Company’s partnerships with Amgen, Bayer HealthCare, Biotest, Novartis and Sanofi.

Located in Osaka, Takeda Pharamaceutical is a research-based global company with its main focus on pharmaceuticals. As the largest pharmaceutical company in Japan and one of the global leaders of the industry, Takeda is committed to strive towards better health for people worldwide through leading innovation in medicine.

WHAT?

ImmunoGen will receive €18.4M from Takeda upfront in return for exclusive rights to use its ADC technology against two undisclosed cancer targets. Progress against each target is tied to €193.5M in milestones,

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