Thursday, May 09, 2019
Adimab, LLC, the global leader in the discovery and optimization of fully human monoclonal and bispecific antibodies, announced the expansion of an earlier partnership with Novartis. Adimab will use its proprietary platform to discover and optimize antibodies against nine targets chosen by Novartis, who will have the rights to develop and commercialize therapeutic programs resulting from the collaboration.
“Adimab continues to build on its reputation as an innovation powerhouse and the premier provider for therapeutic antibody discovery and engineering,” said Guy Van Meter, Chief Business Officer at Adimab. “Our goal for every partnership is to impress the partner and expand the collaboration. The best way to do that is to deliver the highest quality therapeutic molecules possible, and to date, more than 80% of our partnerships have expanded.”
Under the terms of the agreement, Adimab will use its proprietary discovery and engineering platform to generate fully human antibodies for development as therapeutic products for nine targets chosen by Novartis. Novartis will retain worldwide commercial rights to these therapeutic antibodies, for which Adimab would receive upfront payment, research support, milestones and royalties on product sales.
This is the second expansion of the Adimab-Novartis partnership. Adimab’s initial partnership with Novartis was signed in June 2010, and was first expanded in October 2017.