Roche's Genentech buys rights to NovImmune's MAb
Switzerland-based R&D biotech firm NovImmune has entered into an exclusive licensing agreement with Genentech, part of Swiss drug major Roche, for a proprietary anti-unterleukin-17 fully human monoclonal antibody, and access to back-up antibodies.
Under the terms of the deal, NovImmune will receive an upfront payment and is eligible for clinical milestones and royalties on sales. Full financial details have not been disclosed.
Recently, the IL-17 signaling pathway has received significant academic and corporate interest as its manipulation may potentially provide new treatment opportunities for major medical conditions. The anti-IL-17 antibody was generated by NovImmune's research team and is currently in late preclinical development.
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