ImmunoGen inks license and option deal with ImmunoBiochem
US antibody-drug conjugates (ADCs) developer ImmunoGen (Nasdaq: IMGN) today announced a multi-target license and option agreement to research novel, first-in-class ADCs with Canadian privately-held firm ImmunoBiochem Corp.
The collaboration will combine ImmunoGen's proprietary linker-payload technology with ImmunoBiochem's antibodies directed against specific targets.
This is the second licensing deal for ImmunoGen this year, adding to one with Vertex Pharmaceuticals (NYSE: VRTX), which earned the US company $15 million right away, and it could receive up to $337 million per target in option exercise fees and milestone payments.
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