FDAnews Drug Daily Bulletin

IMMUNOGEN, INC. GRANTS BIOTEST AG RIGHTS TO USE IMMUNOGEN TAP TECHNOLOGY

July 12, 2006
A A

ImmunoGen, Inc. announced today that the company has entered into an agreement that grants Biotest AG exclusive rights to use ImmunoGen's Tumor-Activated Prodrug (TAP) technology with antibodies targeting an undisclosed target to develop novel anticancer therapeutics. Under the agreement, ImmunoGen will receive a $1 million upfront payment, up to $35.5 million in potential milestone payments, and royalties on the sales of any resulting products.

PipelineReview (http://www.pipelinereview.com/joomla/content/view/5098/118/)