Roche and immatics ink mega-million cancer vaccine and immunotherapy deal
Germany’s privately-held immatics biotechnologies GmbH and Swiss drug major Roche (ROG: SIX) have entered into a strategic R&D collaboration covering multiple cancer vaccines and immunotherapeutics that could earn the biotech firm as much as $1 billion.
Under the terms of the accord, immatics will receive an upfront $17 million and committed research funding plus potential milestone payments that could reach values in excess of $1 billion and royalties across three cancer indications, based on sales of the cancer vaccines and immunotherapies resulting from this agreement.
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