Sanofi in-licenses ImmunoGen technology

22 October 2006

USA-based ImmunoGen says that French pharmaceutical major Sanofi-Aventis has licensed non-exclusive rights to use its proprietary resurfacing technology to humanize antibodies.

Mitchel Sayare, chief executive of the US firm, said: "as part of the research, development and commercialization agreement established with us in 2003, Sanofi-Aventis gained rights to use our resurfacing technology to humanize the antibodies in the anticancer compounds included in the collaboration. The agreement announced [October 18] enables Sanofi-Aventis to now be able to use this technology to humanize antibodies being developed for non-oncology applications and to continue to use it with oncology antibodies after the expiration of our research collaboration."

The deal provides the French group with the non-exclusive right to use ImmunoGen's proprietary humanization technology through August 31, 2011, and this can be extended thereafter. ImmunoGen will receive a $1.0 million license fee, of which half is due upon contract signing, and is entitled to receive milestones potentially totaling $4.5 million plus royalties on sales for each compound humanized under this accord.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK



Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight