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AbbVie gains additional rights to Seattle Genetics technology
January 8, 2014
By: Kristin Brooks
Managing Editor, Contract Pharma
Seattle Genetics has expanded its antibody-drug conjugate (ADC) collaboration with AbbVie, under which AbbVie will pay $25 million upfront for additional rights to use Seattle Genetics’ ADC technology against AbbVie oncology targets, including Seattle Genetics’ pyrrolobenzodiazepine (PBD) dimer ADC technology and EC-mAb site-specific conjugation technology. Seattle Genetics is eligible to receive as much as $255 million in potential license fees and development and commercial milestones per targ...
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