S-P extends HuCAL access deal with MorpoSys
US drugmaker Schering-Plough has exercised its option to continue its alliance with German antibody specialist MorphoSys for another year.
Announced in 2006 (Marketletter May 22, 2006) and extendable until 2011, the deal allows Schering-Plough access to MorphoSys' proprietary antibody library, HuCAL GOLD, along with development and commercialization rights to any resulting marketed antibodies. In return, MorphoSys recieves royalties, milestones and license fees on the products, as well as annual user fees for HuCAL.
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