Adimab announced a multi-target discovery biotech deals collaboration with Celgene Corporation.
Under terms of the biotech deals Agreement, Adimab will use its proprietary platform to generate therapeutic antibodies against multiple targets.
Celgene will have the right to develop and commercialize all therapeutic antibodies resulting from the biotech deals.
Adimab and Celgene have entered into biotech deals whereby Adimab will use its proprietary discovery and optimization platform to identify fully human antibodies against multiple targets.
For each target, the biotech deals grant Celgene the right to research antibodies generated during the collaboration for potential use as therapeutic products.
Under the terms of the biotech deals, Adimab will receive an undisclosed upfront payment.
In addition, for each target, Celgene will have the option to exclusively license antibodies generated during the biotech deals.
If Celgene exercises its option for a particular target, Adimab would receive license fees, clinical milestones and royalties on therapeutic product sales.
Related
Report: Partnering Deals and Alliances with Celgene
Report: Antibody Partnering Terms and Agreements
View: Current Partnering’s Partnering Scorecard – view top life science partnering deals by value
View: Current Partnering’s Deal Metrics – the latest deal trend infographics for life science deal making
View: Current Partnering’s Big Pharma Deal Making Scorecard – latest trends in big pharma deal making activity
View: Current Partnering’s Big Biotech Deal Making Scorecard – latest trends in big biotech deal making activity
Signup: Current Partnering Dealmakers Update – weekly newsletter providing the latest life science industry deal news, deal making trends, partnering events – sign up now
Signup: Current Agreements Deals Review – monthly newsletter - reviewing the previous month’s life science deal making – partnering, M&A and financing – sign up now
Subscribe: Current Agreements life sciences partnering, M&A and financing deals database – find out more
Follow us on: LinkedIn Current Partnering | LinkedIn Business Development Network | @Currentpartner on Twitter