Ablynx are famously well connected in the biotech industry, with many huge pharmas licensing out their Alpaca-nanobody tech. Partnerships include AbbVie (Immunology), Boehringer Ingelheim, Genzyme (Multiple Sclerosis/CNS), Merck (in Neurology) and of course MSD (aka Merck & Co.).
Now their new collaboration with the Bagsværd based Novo Nordisk Giant will lead to a series of milestone related payments (though for what has not yet been disclosed!). First, a €5M upfront license fee will be paid, followed by a €4M/year for the initial 3 years of the research program.
In addition, Ablynx is eligible to receive potential development, regulatory and commercial milestone payments of up to €182M per program plus tiered royalties on the annual net sales on any products resulting from the collaboration.