Servier, MacroGenics Forge Option Deal For Cancer Drug

The French pharma acquires the right to license the antibody MGA271, which has received strong interest since BMS’s Yervoy was approved in March.

Servier SA has struck a deal giving it an option to license an early-stage oncology program from Rockville, Md.-based MacroGenics Inc., providing the startup with $20 million in fresh up-front capital.

The deal concerns MacroGenics’ MGA271, an antibody targeting B7 homolog 3 protein, which is overexpressed in a variety of cancers....

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