Germany's MorphoSys, Immatics Biotech to jointly develop antibody-based cancer treatment

25 August 2015

Biotechnology company MorphoSys AG (FRA: MOR) has partnered with privately-held fellow Germany-based Immatics Biotechnologies to develop antibody-based treatments for cancer.

The companies in a joint statement said they will pay each other milestones based on their respective development progress as well as royalties on marketed products. However, no financial details were disclosed.

Marlies Sproll, chief scientific officer of MorphoSys, said: “This alliance opens up the intracellular target space for us and thus complements the therapeutic approaches we use in other oncology programs. We believe this collaboration will create several unique product opportunities for us based on truly differentiated compounds.”

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