Privately-held US biotech company Mersana Therapeutics and EMD Serono, the North America biopharmaceutical division of Germany’s Merck KGaA (MRK: DE), have entered into an agreement to collaboratively develop next-generation antibody-drug conjugates (ADCs).
Mersana and the biopharmaceutical division of Merck KGaA will leverage Mersana’s Fleximer technology to generate ADCs for multiple undisclosed targets. Both parties have agreed to test a variety of ADCs by utilizing Mersana’s platform technologies and several cytotoxic agents as conjugates.
Terms include undisclosed upfront payment and milestones
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