Teva and AbCellera collaborate to discover rare MAbs

2 February 2016

Israel’s Teva Pharmaceutical Industries (NYSE: TEVA) and privately-held Canadian firm AbCellera have entered into a collaborative research agreement whereby AbCellera will apply its high-throughput single cell antibody platform for the discovery of rare monoclonal antibodies.

“We are pleased to work with AbCellera utilizing this company’s novel biologics technology,” said Michael Hayden, president of global R&D and chief scientific officer at Teva, adding: “This agreement will be complementary to our existing antibody discovery process with the potential to strengthen Teva’s capabilities in novel biologics discovery.”

Under the terms of the agreement, AbCellera will receive an upfront payment, research payments, and is eligible to receive undisclosed downstream milestones associated with the development and approval of therapeutic antibodies. Further financial terms were not disclosed.

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