Success of other antibody-drug conjugates has been paving the way for further deals in the space; the latest tie-up is between Ambrx Inc. and Japan’s Astellas Pharma Inc. in a deal that mirrors one of the biotech’s earlier collaborations. The potentially $300 million deal is one of many that Ambrx has inked with major pharmaceutical players over the last decade.
Ambrx announced April 5 that Astellas will pay it $15 million upfront, as well as another $285 million in potential development, regulatory and sales-based milestones to discover and develop oncology drugs using its site-specific conjugation technology
Read the full article – start your free trial today!
Join thousands of industry professionals who rely on Pink Sheet for daily insights
- Start your 7-day free trial
- Explore trusted news, analysis, and insights
- Access comprehensive global coverage
- Enjoy instant access – no credit card required
Already a subscriber?