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Biotech / Medical : HuMAB companies -- Ignore unavailable to you. Want to Upgrade?


To: Icebrg who wrote (588)12/18/2003 10:33:47 AM
From: scaram(o)uche  Read Replies (2) | Respond to of 1022
 
XOMA continues to play on strength, the realm of Butch Dellio..... operations/production, and they continue to highlight their weakness, R&D.

These 25% or 30% deals are great.



To: Icebrg who wrote (588)12/22/2003 2:07:26 AM
From: Icebrg  Read Replies (2) | Respond to of 1022
 
MorphoSys Enters Antibody Collaboration With Pfizer
Monday December 22, 1:47 am ET

Edited Press Release

FRANKFURT -(Dow Jones)- MorphoSys AG said Monday it has entered into a collaboration with Pfizer Inc (NYSE:PFE - News) for the development of therapeutic antibodies.

MorphoSys will use its HuCAL GOLD library to generate therapeutic antibodies against multiple targets from Pfizer. Pfizer will carry out the preclinical and clinical development and the subsequent marketing of resultant products. MorphoSys will receive an upfront payment, which will further strengthen its cash position, and, for each antibody developed in the collaboration, research support and milestone payments.

In addition, MorphoSys stands to receive royalty payments, on any antibody products coming out of the collaboration. The potential value to MorphoSys in committed funding and potential developmental milestone payments on future products is in excess of US$ 50 million, not including royalties.

During the five-year term of the agreement, MorphoSys will use its HuCAL GOLD antibody technology to select and optimize fully human antibodies against disease targets from Pfizer. MorphoSys brings its expertise in the high- throughput selection and subsequent optimization of fully human antibodies fulfilling predefined criteria to combine with Pfizer's capabilities for disease target identification and clinical development.