Cambridge-to-Cambridge collaboration could be worth $35 million to Abzena
US biotech start-up Trieza Therapeutics has acquired exclusive worldwide rights to an undisclosed antibody sequence for exploitation in conjunction with its viral vector technology to develop novel therapies in oncology.
The deal is with Abzena (AIM: ABZA), which like Trieza is based in Cambridge – albeit the UK city rather than the Massachusetts version - and could be worth up to $35 million in development and commercial milestone payments as well as royalties on the sale of licensed products containing the Abzena sequence.
News of the deal sent Abzena’s share price up by more than 5% on Thursday to £35.
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