Merck Serono and Intrexon in deal to develop and commercialize CAR-T Therapy

30 March 2015

Merck Serono, the biopharmaceutical arm of Germany’s Merck KGaA (MRK: DE), and US biotech firm Intrexon Corp (NYSE: XON) have entered into an exclusive strategic collaboration and license agreement to develop and commercialize Chimeric Antigen Receptor T-cell (CAR-T) cancer therapies.

This collaboration advances Merck Serono's comprehensive, science-driven strategy to develop innovative therapies that modulate the immune system's natural ability to fight tumors.

$115 million for Intrexon upfront, plus up to $826 million milestones

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