AC Immune earns milestone under anti-tau antibody collaboration with Genentech
Swiss privately-held biotech firm AC Immune says it has received a milestone from Genentech, a subsidiary of Swiss pharma giant Roche (ROG: SIX), in its collaboration agreement for anti-Tau antibodies for the treatment of Alzheimer’s disease and other neurodegenerative diseases.
The undisclosed milestone marks Genentech’s selection of a lead antibody development candidate to progress further towards clinical trials. AC Immune and Genentech will continue to work together on further development candidates. This exclusive global license agreement and research collaboration for anti-Tau antibodies complements another collaboration with Genentech for developing anti-Abeta antibodies, from which the lead candidate crenezumab has completed phase II trials.
Part of $418 million deal
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