Bayer and MOMA strike new oncology partnership
Bayer (BAYN: DE) has entered into a collaboration with MOMA Therapeutics to develop a small molecule oncology program using the latter’s proprietary KNOMATIC platform.
The agreement gives Bayer access to the biotech's program, allowing the German pharma major to take over further development, preclinical work, and commercialization.
MOMA, a Massachusetts-based company, will receive an upfront payment and is eligible for additional payments linked to specific discovery, development, and commercial milestones, plus tiered royalties on future sales. The exact financial details of the deal were not disclosed.
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