Daiichi Sankyo initiates two new MorphoSys cancer programs

18 May 2009

German antibody developer MorphoSys has initiated two cancer programs within its collaboration with Daiichi Sankyo. The Japanese drug major  has selected two new target molecules against which MorphoSys will  generate antibodies using its HuCAL technology.

Daiichi will carry out preclinical and clinical development and has  worldwide marketing rights for all resulting products. MorphoSys  receives exclusive license fees and stands to get milestones and  royalties for the programs. Further financial details were not  disclosed.

The two companies have been engaged in joint application of MorphoSys'  phage display and antibody library since March 2006. In March 2008,  Daiichi exercised its option to extend the contracting period until  March 2011.

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