Lycera and Celgene enter exclusive collaboration

9 June 2015

Privately-held Lycera has entered into an exclusive global collaboration with fellow USA-based biotech firm Celgene Corp (Nasdaq: CELG) to take forward Lycera's proprietary pipeline for cancer and immune-mediated diseases.

Lycera has discovered selective and potent oral agonists that target RORgamma, a master control switch of immune system activation, for the potential treatment of a broad range of cancers. Lycera has developed orally bioavailable RORgamma agonists that have demonstrated single agent therapeutic activity in multiple animal models of cancer.

Deal terms include $82.5 million upfront and option to acquire Lycera

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