EVOQ Therapeutics and Amgen advance their collaboration
EVOQ Therapeutics and fellow USA-based Amgen (Nasdaq: AMGN) today announced they are advancing their ongoing license and collaboration agreement for the discovery and development of novel therapeutics including the receipt of a milestone payment and expansion of the scope of collaboration to include a total of three indications in autoimmune disorders.
Since early 2021, Amgen and EVOQ have been collaborating on pre-clinical development of novel drugs using EVOQ’s NanoDisc platform. Amgen is responsible for clinical development and commercialization of the resulting products.
EVOQ Therapeutics granted Amgen exclusive rights to selected autoimmune programs and received an upfront payment along with milestone payments potentially totaling more than $240 million in addition to royalties on sales of resulting therapies.
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