Presage Biosciences in deal with Celgene on novel cancer drug combinations
Privately-held USA-based cancer drug developer Presage Biosciences has entered into a strategic collaboration with US biotech major Celgene (Nasdaq: CELG) under which Presage and Celgene will take advantage of Presage’s proprietary technology platform to identify novel drug combinations for solid tumor indications.
The Presage platform is the only technology that allows for the direct comparison of multiple drugs or drug combinations in the same living tumor. In addition to identifying combination treatments for cancer, the company ultimately intends to utilize its platform to precisely evaluate patients’ unique responses to microdoses of multiple cancer drugs.
Will earn $13 million upfront
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