Broad-Based Incyte/Merus Collaboration Includes Up To 11 Bispecific Antibody Programs
The US biotech is paying $200m up front in cash and equity investment for the ability to use Merus’ bispecific technology platform in up to 11 programs, which could move beyond cancer and include novel targets and biology. Potential earn-outs under the deal could reach nearly $3bn.
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Biopharma companies closed out 2016 with $9.6 billion in financing, the strongest quarter of the year. M&A deals reached $12.2 billion in value, led by Lonza's takeover of Capsugel; most of the fourth quarter's largest partnerships were built around innovative platforms in antibodies, peptides and gene therapy.
Busy stretch before Christmas holidays sees two deals around oncolytic virus therapeutics, a Middle East partnership for Orexigen’s Contrave, immuno-oncology deals involving Pfizer and ElsaLys, and Roche and ImmuNext partnering to develop drugs targeting the VISTA pathway.