Merck & Co selects Agenus lead product candidate

10 June 2016

Immuno-oncology specialist Agenus (Nasdaq: AGEN) has announced the selection of a lead product candidate under its license and research collaboration with Merck & Co (NYSE: MRK).

Agenus develops antibodies including checkpoint inhibitors and other checkpoint modulators (CPMs) and cancer vaccines.

Merck has selected a lead antibody candidate and several backup antibodies, discovered by Agenus, to an undisclosed checkpoint target and based on this milestone and under the terms of the agreement, Agenus received a $2 million milestone payment.

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