New oncology collaboration between Amgen and Molecular Partners

19 December 2018

California-based Amgen (Nasdaq: AMGN) and Swiss firm Molecular Partners (SIX: MOLN) have agreed terms for a collaboration and license deal related to MP0310 (FAP x 4-1BB).

Molecular Partners, a clinical-stage biotech company leveraging DARPin therapeutics, has sold global development and commercial rights to the preclinical molecule, for an upfront payment of $50 million.

Amgen will also pay up to $497 million in milestones and double-digit royalties on sales.

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