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Deal Watch: Xencor Adds New Bispecific Partner In Agreement With Genentech

 
• By Joseph Haas and Jung Won Shin

Genentech will pay $120m up front to co-develop Xencor’s preclinical IL-15 candidate; deal also includes IL-15 R&D. Taiho licenses lung cancer candidate to Cullinan; Celgene and Triphase partner again.

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Scrip regularly covers business development and deal-making in the biopharmaceutical industry. Deal Watch is supported by deal intelligence from Strategic Transactions.

Just weeks after Novartis AG returned all rights to one of its bispecific antibody candidates to Xencor Inc., the antibody developer has found yet another deep-pocketed partner

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