Deal of the (last) century set to bear fruit for Biogen once again
1995 was a good year in licensing for Massachusetts-based biotech pioneer Biogen (Nasdaq: BIIB).
It was then that the formerly independent Idec Pharmaceuticals agreed terms for a discovery collab in the area of anti-CD20 antibodies with Genentech, part of Swiss cancer giant Roche (ROG: SIX).
Over the years, the agreement has yielded significant revenues from the USA’s first approved radioimmunotherapy, Zevalin (ibritumomab tiuxetan), not to mention Rituxan (rituximab).
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