Medarex gets milestone from Centocor
Medarex says that it has received a milestone payment of an undisclosed amount from its licensing partner, fellow USA-based Centocor R&D, for the acceptance of an Investigational New Drug application to the Food and Drug Administration for an undisclosed antibody. The antibody was generated by Medarex' UltiMAb Human Antibody Development System. The company may receive future milestone payments and royalties should this product candidate progress to commercialization and achieve commercial sales.
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