Menarini in $1 billion partnership with Oxford BioTherapeutics for cancer drug development
In a second major deal within just over a year for the UK-based antibody-based drug developer, BioTherapeutics (OBT) has entered into a major innovative and strategic alliance with family-owned Italian drugmaker Menarini to develop a portfolio of antibody-based drugs in the field of cancer, for which the latter has ear-marked an 800 million-euro ($1.03 billion) investment.
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