Alloy and Pfizer in latest strategic collaboration

11 February 2025

Privately-held Alloy Therapeutics has announced a new multi-year collaboration with Pfizer (NYSE: PFE) to develop a bespoke platform that will enhance the US pharma giant’s ability to discover antibodies against targets deemed difficult to address with existing antibody discovery technologies.

Alloy will receive an undisclosed upfront payment from Pfizer and be eligible for pre-specified preclinical to commercial milestones on products originating on the platform.

This is the latest in a string of partnership announcements for Alloy, with the company having announced collaborations with pharma majors Takeda (TYO: 4502) and Eli Lilly (NYSE: LLY) during 2024, and Sanofi (Euronext: SAN) earlier this year.

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