Dren Bio has partnered strategically with subsidiary Novartis Pharma to discover and develop therapeutic bispecific antibodies to treat cancer. The partnership will leverage Dren Bio’s targeted myeloid engager and phagocytosis platform to create the antibodies. The gold standard of business intelligence.
Dren Bio is entitled to an upfront payment of $150m from Novartis, including an equity investment of $25m. The company could earn up to $2.85bn in milestone payments on specific preclinical, clinical, regulatory and commercial goals in addition to royalty payments on sales of any products resulting from the deal.
Dren Bio and Novartis will jointly progress targeted myeloid engager programmes through the selection of clinical candidates. Novartis will subsequently take over development, manufacturing and commercialisation responsibilities. Access the most comprehensive Company Profiles on the market, powered by GlobalData.
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However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form Novartis biomedical research oncology global head Shiva Malek stated: “Our agreement with Dren Bio is a promising opportunity to discover novel bispecific antibody therapies for cancer, building on our longstanding expertise in immuno-oncology science .