Ligand in deal with Ono Pharma for OmniAb platform license
US drugmaker Ligand Pharmaceuticals (Nasdaq: LGND) has entered into a worldwide license agreement with Japan’s Ono Pharmaceutical (TYO: 452) for its AmniAb platform.
Under the license, Ono will be able to use the OmniRat, OmniMouse and OmniFlicplatforms to discover fully human mono- and bispecific antibodies.
Ligand is eligible to receive annual platform access payments, development milestone payments and royalties for each product incorporating an OmniAb antibody. Ono will be responsible for all costs related to the programs. No further financial terms of the accord were disclosed.
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