Baxalta collaborates with Symphogen to accelerate innovation in immuno-oncology

4 January 2016

US orphan diseases specialist Baxalta (NYSE: BXLT) and privately-held Danish drug developer Symphogen today announced a broad strategic immuno-oncology collaboration.

Under the terms of the accord, Baxalta and Symphogen will advance novel therapeutics against six checkpoint targets, with the first program to enter clinical studies in 2017. On a product-by-product basis, following successful completion of Phase I clinical trials, Baxalta will have exclusive option rights to complete late-stage development and worldwide commercialization.

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