Daiichi Sankyo in-licenses gatipotuzumab

30 July 2018

Shares of Japanese pharma major Daiichi Sankyo (TYO: 4568) fell 2.18% to 4,574 yen today after it announced a second licensing accord with privately-held German biotech firm Glycotope.

The companies have into an exclusive worldwide licensing agreement to develop an antibody drug conjugate (ADC) by combining Daiichi Sankyo's proprietary ADC technology with Berlin-based Glycotope's investigational tumor-associated TA-MUC1 antibody gatipotuzumab (formerly PankoMab-GEX, building on a previous 2017 option agreement.

Under the terms of the deal, Daiichi Sankyo has worldwide exclusive rights to develop and commercialize gatipotuzumab as an ADC. Glycotope will receive an upfront payment and is eligible for clinical, regulatory and sales milestone payments, as well as royalties on net sales worldwide from Daiichi Sankyo. Specific financial terms have not been disclosed.

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