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Roche Pact Is Affirmation Of Affimed Technology

 
• By Kevin Grogan

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.

Boulder
Roche gets hold of Affimed's ROCK • Source: Shutterstock

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 is paying $96m through an initial upfront fee and other near-term funding to kickstart a collaboration which will see...

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