Daiichi Sankyo inks option on antibody drug candidate from German firm

30 October 2017

Japan’s Daiichi Sankyo (TYO: 4568) has signed an option agreement for future strategic collaboration and licensing with Germany’s Glycotope to develop an antibody drug conjugate (ADC) by combining Daiichi Sankyo’s proprietary ADC technology with Glycotope’s investigational tumor-associated TA-MUC1 antibody PankoMab-GEX.

Under the terms of the deal, once a feasibility study has been successfully completed, Daiichi Sankyo has the right to exercise its option for worldwide exclusive rights to develop and commercialize PankoMab-GEX ADC. If Daiichi Sankyo exercises these rights, Glycotope will receive an upfront payment as well as development and sales milestone payments plus royalties. Specific financial terms have not been disclosed.

Adds to Glycotope deals with Airway Therapeutics and Octapharma

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