Agios Gets $200m Up Front In New Celgene Deal, Regains AG-120 Rights

Agios Pharmaceuticals Inc. will get $200m to kick off a new partnership with longtime collaborator Celgene Corp. under a complex agreement to develop therapies that alter the metabolic state of immune cells to enhance the immune response to cancer.

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Agios Pharmaceuticals Inc. will get $200m to kick off a new partnership with longtime collaborator Celgene Corp. under a complex agreement to develop therapies that alter the metabolic state of immune cells to enhance the immune response to cancer.

The companies did not disclose any specific immuno-oncology drug targets, but Agios Chief Scientific Officer Scott Biller said during a May 17 conference call with analysts that the collaboration will seek to validate Agios-discovered targets "that are not on the radar screen of other researchers

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