Astellas pays for access to Xencor's bispecific tech to advance oncology antibody program

3 April 2019

Japanese drugmaker Astellas (TYO: 4503) and Xencor (Nasdaq: XNCR) have tied up a research and licensing deal.

Figures have not been disclosed about the size of the deal, which will see Astellas access the Californian company’s bispecific technology to advance a new antibody program in oncology.

The firms will collaborate to generate bispecific antibodies directed toward a selected anti-tumor target for the potential treatment of patients with cancer, and Astellas will have an exclusive worldwide license to develop and commercialize new drug candidates.

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