Affimed NV has inked a deal with Roche's Genentech unit which could be worth billions of dollars and make the German biotech a major player in the next wave of immuno-oncology.
Roche Pact Is Affirmation Of Affimed Technology
Beware the hype but a deal with one of the big oncology players that involves $96m upfront and potentially $5.0bn in milestones is a decent validation for the German biotech's technology platform.
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Deal Snapshot: The antibody-drug conjugate field continues one of the hottest dealmaking spaces and Roche continues to invest heavily. Its latest pact could be transformative for the UK firm which already has a decent number of big pharma partners.