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Amgen to Acquire Teneobio for $900M

Includes Teneobio's bispecific and multispecific antibody technologies, heavy-chain only platform and T-cell engager platform.

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By: Kristin Brooks

Managing Editor, Contract Pharma

Amgen entered an agreement to acquire Teneobio, a privately held, clinical stage biotechnology company developing a new class of biologics called Human Heavy-Chain Antibodies, for a $900 million upfront, and future contingent milestones, potentially worth up to an additional $1.6 billion.   The acquisition includes Teneobio’s bispecific and multispecific antibody technologies, which will enable significant acceleration and efficiency in the discovery and development of new molecules tha...

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