Immunocore Signs Research and Licensing Agreement with GSK - - BioPharm International

ADVERTISEMENT

Immunocore Signs Research and Licensing Agreement with GSK


Immunocore Limited, the Oxford, UK-based biotechnology company developing novel biological drugs called ImmTACs to treat cancer and viral disease, has entered into a partnership with GlaxoSmithKline (GSK) for multiple novel targets not addressable using antibody-based technologies.

Under the terms of the agreement, Immunocore will receive up to a total of £142 million ($217 million) ($306 million) in preclinical milestone payments across the targets. In addition, for each product that reaches the market, up to £200 million ($306 million)is due to Immunocore in development and commercial milestone payments, plus up to double-digit royalties.

Immunocore will be responsible for all of the preclinical development and for the initial clinical trials in patients and GSK will be responsible for the remaining development and commercialization of the products.

Immunocore has created a platform of bi-specific biological drugs, called ImmTACs (Immune mobilizing mTCR Against Cancer), which exploit the power of T Cell Receptors (TCRs) to recognize intracellular changes that occur during cancer or viral infection. The recognition ability of TCRs sets them apart from traditional antibody-based therapies that can only recognize changes on the surface of cells, and provides the ability to develop extremely potent targeted therapies for cancers that are currently poorly served.

http://www.immunocore.com

blog comments powered by Disqus

ADVERTISEMENT

ADVERTISEMENT

Compounding Pharmacy Issues Recall, But Challenges FDA Decision
July 22, 2014
AbbVie's Acquisition of Shire Could Save $8 Billion in Taxes
July 21, 2014
AbbVie to Acquire Shire for $54.7 Billion
July 18, 2014
AstraZeneca Reveals Design for New Global R&D Center and Corporate Headquarters
July 18, 2014
Particulate Matter Prompts Baxter's Recall of IV Solutions
July 17, 2014
Author Guidelines

Click here