Dragonfly Therapeutics expands cancer deal with Celgene
In a second deal within a matter of weeks, privately-held Cambridge, USA-based Dragonfly Therapeutics has entered into a new agreement with Celgene (Nasdaq: CELG) to discover, develop and commercialize innovative immunotherapies for patients with solid and hematological cancers.
The new agreement builds on Celgene's existing four-target collaboration with Dragonfly, agreed upon in 2017, and increases the number of TriNKET immunotherapy drug candidates available for in licensing by Celgene to a total of eight.
The original deal, announced in mid-2017, saw Dragonfly collect $33 million and covered up to four blood cancer drugs developed by the company.
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