AnaptysBio and Tesaro team up in $340 million oncology deal
Therapeutic antibody discoverer AnaptysBio announced a strategic immuno-oncology collaboration with fellow USA-based Tesaro (Nasdaq: TSRO), an oncology-focused biopharmaceutical company, which could lead to payments of more than $340 million to the former.
Under the terms of the accord, AnaptysBio has granted Tesaro exclusive rights to antibody programs targeting PD-1, TIM-3 and LAG-3, including monospecific and dual reactive antibody drug candidates. Antibody candidates from these programs are expected to enter clinical trials over the next 18 to 24 months.
Financial terms
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