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The partnership resolves around the commercialization and development of TRC105 (carotuximab) in China
December 21, 2017
By: Betsy Louda
TRACON Pharmaceuticals has entered into a licensing agreement with Ambrx for the development and commercialization of TRACON’s proprietary endoglin antibody, TRC105 (carotuximab), in China. The transaction grants Ambrx the exclusive rights to develop and commercialize TRC105 in all indications in China and Taiwan. TRACON will receive an upfront payment of $3 million, and is eligible to receive development and regulatory milestones of up to $10.5 million, and commercial sales milestones...
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