Novo Nordisk buys into Chugai's antibody engineering expertise
Japanese drug major Chugai Pharmaceutical (TYO: 4519) has entered into a license agreement with Denmark’s Novo Nordisk (NOV: N), for global non-exclusive rights related to its antibody engineering technologies.
Chugai, which is majority-owned by Swiss pharma giant Roche (ROG: SIX), is offering rights to use several of its antibody engineering technologies for research.
In addition, Novo will gain optional rights for the development and marketing of therapeutic antibodies applying those technologies.
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