CytomX Bounces Back From Trial Setback With Regeneron Bispecific Antibody Partnership

Gets $30m Upfront

The US biotech has nabbed a deal with Regeneron to develop bispecific cancer therapies by combining their respective technology platforms, getting $30m upfront in a positive twist of fate following a recent clinical trial challenge.    

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CytomX's Share Price Increased By More than 20% In Response To The News • Source: Shutterstock

CytomX Therapeutics, Inc. is working with Regeneron Pharmaceuticals, Inc. to identify and validate conditionally activated bispecific cancer therapies by combining their respective platform technologies in a deal that could be worth more than $2bn.

The San Francisco, CA-based biotech is set to receive an upfront payment of $30m and will be eligible for milestone...

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