Merck Serono signs contract with Sutro Biopharma.
M2 EQUITYBITES-September 19, 2014-Merck Serono signs contract with Sutro Biopharma
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Germany-based Merck Serono has signed a collaboration and license agreement with United States-based Sutro Biopharma, it was reported yesterday.
The contract has been signed to develop antibody drug conjugates. Both firms will jointly discover and develop multiple antibody drug conjugates, antibodies linked to cytotoxic drugs for more targeted delivery, using Sutro's cell-free protein synthesis platforms Xpress CF and Xpress CF+.
Under the contract, Sutro will be responsible for delivering antibody drug conjugates for Phase I clinical trials, while Merck Serono retains responsibility for clinical development and commercialisation of any resulting products. Merck will make an upfront payment to Sutro and will fund certain R&D activities, while its partner stands to receive payments on completion of certain research, development and regulatory milestones of about EUR230m and royalties on product sales in return.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Sep 19, 2014|
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