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Immunomedics Inc

Immunomedics, Seattle Genetics ink $2B deal for antibody-drug conjugate

February 10, 2017 By Sarah Faulkner

Immunomedics, Seattle Genetics ink $2B deal for antibody-drug conjugate

Immunomedics (NSDQ:IMMU) said it landed an exclusive global licensing agreement with Seattle Genetics (NSDQ:SGEN) for Immunomedics’ antibody-drug conjugate, IMMU-132, for the treatment of solid tumors. The deal could potentially bring in $2 billion plus royalties for Immunomedics. According to the deal, Seattle Genetics is responsible for developing, funding, manufacturing and commercializing IMMU-132. The Washington-based company will […]

Filed Under: Featured, Oncology, Wall Street Beat Tagged With: Immunomedics Inc, Seattle Genetics

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