CytomX to earn up to $2 billion in Regeneron tie-up

17 November 2022

Shares in Californian company CytomX Therapeutics (Nasdaq: CTMX) were 23% higher on Thursday.

CytomX earlier announced a collaboration and licensing agreement with US biotech major Regeneron Pharmaceuticals (Nasdaq: REGN).

"Push the boundaries of cancer immunotherapy to new levels"The deal will focus on the creation of conditionally-activated investigational bispecific cancer therapies using CytomX’s Probody therapeutic platform and Regeneron’s Veloci-Bi bispecific antibody development platform.

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