Numab Therapeutics expands I-O research collaboration with Ono Pharma

30 March 2020
numab_big

Switzerland-based biotech Numab has expanded its relationship with Japan’s Ono Pharmaceutical (TYO: 4528) by executing another research and option agreement to discover and develop a multi-specific antibody drug candidate for the treatment of various cancers.

Similar to their earlier collaboration initiated in March 2017, under this new agreement, Ono has obtained an option to acquire from Numab exclusive rights to develop and commercialize an immuno-oncology (I-O) drug candidate that will leverage Numab’s platform technology in order to actualize one of Ono’s novel therapeutic approaches.

In exchange, Ono will pay to Numab up to 260 million Swiss francs ($272 million) in upfront and milestone payments plus tiered single to double digit royalties on sales. Ono Pharma’s shares were up 2.18% at 2,534 yen by close of trading today.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK

Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Biotechnology