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« Innogenetics v. Abbott Labs. (W.D. Wis. 2007) | Main | Setback for Ariad in Dispute with Amgen »

January 09, 2007

Genentech and Seattle Genetics Enter Agreement

    By Jason Derry --

Genentech Genentech and Seattle Genetics have announced an agreement involving the development and commercialization of a humanized monoclonal antibody for treating hematologic malignancies, including multiple myeloma, chronic lymphocytic leukemia, and non-Hodgkin's lymphoma.  The antibody, SGN-40, is currently in Phase I and II clinical trials.  According to the press release, Seattle Genetics will receive $60 million in up-front payment, and may receive more than $800 million in milestone payments and increasing royalties on sales of SGN-40 in the future.

Seattle Genetics Jason Derry, Ph.D., who graduated with honors from DePaul University College of Law, is a molecular biologist and founding author of Patent Docs.

Posted at 09:23 AM in Biotech/Pharma Business, Licensing |

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