Modex enters second collaboration with Serono
Swiss companies Modex Therapeutics and Serono have signed a secondagreement for the engineering of a cell line for the production of a protein of commercial interest. The development will be based on a Modex proprietary system which may result in high protein expression levels.
This two-year program will be entirely funded by Serono, with Modex earning milestone fees of up to 1 million Swiss francs ($584,900) and a percentage of future income derived from the sales of products based on the expressed protein.
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