Ambrx collaboration with US drug giant Merck & Co

In Partnering & Investment by justineLeave a Comment

Partnership, People, business, collaboration, merck, ambrx

According to PharmaLetter, Ambrx has entered into a collaboration with US drug giant Merck & Co (NYSE: MRK) to design and develop rationally optimized biologic drug conjugates. With antibody drug conjugates becoming more and more popular in drug development, Merck's $303 million deal with San Diego's Ambrx comes at a prime time. 

The deal will give Merck worldwide rights to develop and commercialize biotherapeutic drug conjugates directed towards a number of pre-specified targets. Ambrx will receive an upfront $15 million and is eligible for milestone payments totaling up to $288 million for successful discovery, development and commercialization of candidates to all pre-specified targets. In addition, Ambrx will also receive royalties on any net sales of products resulting from the collaboration.

 

Read the full article here

How do you think this partnership will affect Merck & Co? Do you think this partnership will be beneficial?  Comment below.

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