Immatics inks deal potentially worth more than $1 billion
Privately-held German firm Immatics Biotechnologies has entered into a research collaboration and exclusive license agreement to develop next-generation, T-cell engaging bispecific immunotherapies targeting multiple cancers, with US biotech major Amgen (Nasdaq: AMGN).
The collaboration will combine Immatics’ world-leading Xpresident target discovery and T-cell receptor (TCR) capabilities with Amgen’s validated Bispecific T-cell Engager (BiTE) technology with the aim of creating novel oncology drugs. Amgen will be responsible for the clinical development, manufacturing and commercialization worldwide.
Will receive $30 million upfront fee
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