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Bristol Pays Out $200m For Agenus' Preclinical Bispecific TIGIT

 
• By Jessica Merrill

Agenus president Jennifer Buell talked to Scrip about partnering with Bristol and the dual nature approach of AGEN1777.

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Bristol agreed to pay $200m to Agenus • Source: Alamy

Cancer drug companies are racing to develop the next big immuno-oncology drugs, and Bristol Myers Squibb Company is doubling down on TIGIT in a new deal with Agenus Inc. The company paid $200m upfront for exclusive global rights to the bispecific antibody AGEN1777, a handsome price for a drug that is still in preclinical development.

Under the deal announced 18 May, Bristol also agreed to pay up to $1.36bn in development, regulatory and commercial milestones

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