Japanese firm behind nivolumab looks to Numab Therapeutics for next discovery
Swiss biotech firm Numab Therapeutics and Ono Pharmaceutical (TYO: 4528) have reached a research and option agreement to identify and develop an immuno-oncology candidate using the former company’s drug discovery platform.
Under the terms of the agreement, Japanese drugmaker Ono will obtain an option to acquire intellectual property rights to, and exclusive rights to develop and commercialize, the selected lead compound generated through the collaboration.
Ono will pay to Numab research funding and up to 258 million Swiss francs ($259 million) in upfront and milestone payments, as well as royalties on sales.
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