OSE and J&J part ways over immunotherapy candidate

5 November 2018

Nantes, France-based OSE Immunotherapeutics (EPA: OSE) has been handed back global rights to its immunotherapy candidate FR104 from Johnson & Johnson (NYSE: JNJ), sending the firm’s share price down 2%.

OSE says the decision was based on an “internal strategic review,” at J&J, which led to a reprioritization of its portfolio.

Under the terms of the original deal, which was signed in 2016, OSE could have received up to 155 million euros ($176 million) including an option exercise fee of 10 million euros, plus milestones and royalties.

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