Sector News

Gilead & Agenus form $1.8bn partnership

December 27, 2018
Life sciences

Gilead Sciences and Agenus have announced a partnership to focus on the development and commercialisation of up to five novel immuno-oncology therapies.

The agreement states that Agenus will receive $150 million upon closing, which includes a $120-million upfront cash payment, plus an equity investment of $30 million. The company is also eligible for approximately $1.7 billion in potential future fees and milestones.

The deal, news of which saw shares in Agenus leap as much as 70%, will grant Gilead exclusive global rights to the investigational therapy AGEN1423, which is expected to be filed by the end of the year.

AGEN1423, is a bispecific antibody that has the potential to enhance the antitumour activity of myeloid cells, NK cells, T cells, and cancer-associated fibroblasts, according to the firms.

The partnership also means Gilead will have an exclusive option to licence AGEN1223, which Agenus has already submitted for marketing approval, as well as AGEN2373, with a filing planned for the first half of 2019.

Agenus will also be able to opt-in to shared development and commercialisation in the US for one of the option programmes. Meanwhile, Gilead will have the right of first negotiation for two additional, undisclosed preclinical programmes.

John McHutchison, chief scientific officer and head of R&D at Gilead, commented: “Our collaboration with Agenus gives us access to novel and differentiated immune modulating antibodies that will complement our growing oncology portfolio and cell therapy business.”

The announcement comes soon after Amgen made a deal with Molecular Partners to jointly develop and commercialise the latter’s preclinical, multi-specific DARPin therapeutic MP0310 as part of their immune-oncology collaboration.

By Anna Smith

Source: Pharma Times

comments closed

Related News

May 21, 2022

As monkeypox cases emerge in US and Europe, Bavarian Nordic inks vaccine order

Life sciences

A monkeypox outbreak is emerging in the U.S. and Europe, and at least one country is amping up countermeasure preparedness. Bavarian Nordic has secured a contract with an unnamed European country to supply its smallpox vaccine, called Imvanex in Europe, in response to the emergence of monkeypox cases, the Danish company said Thursday.

May 21, 2022

Moderna chairman Afeyan defends hiring practices after CFO debacle: report

Life sciences

Moderna’s recent chief financial officer debacle—in which Jorge Gomez departed on his second day on the job—raised questions about the company’s hiring process given its rush to global biopharma prominence. The most obvious one: How was it possible for Gomez to be hired when he was under investigation by his previous employer, Dentsply Sirona of Charlotte, N.C.

May 21, 2022

Merck to pay up to $1.4B in cancer deal with Kelun, but details are scarce

Life sciences

Merck & Co. is plucking a cancer project from the branch of Chinese-based Kelun Pharmaceutical for up to $1.4 billion, but details from the New Jersey-based Big Pharma have been hard to come by. The deal, first disclosed Monday on the Shenzhen stock exchange, has Merck handing over $47 million in upfront cash in exchange for ex-China rights to a “macromolecular tumor project.”