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AVEO Pharmaceuticals, Inc. has received a $5 million milestone payment from Biogen Idec International GmbH, a subsidiary of Biogen Idec, for the selection of the first humanized antibody development candidate from its ErbB3 program.
April 14, 2010
By: Tim Wright
Editor-in-Chief, Contract Pharma
AVEO Pharmaceuticals, Inc. has received a $5 million milestone payment from Biogen Idec International GmbH, a subsidiary of Biogen Idec, for the selection of the first humanized antibody development candidate from its ErbB3 program. In March 2009, AVEO entered an exclusive option and license agreement with Biogen for the development and commercialization of AVEO’s discovery-stage ErbB3-targeted antibodies for the potential treatment and diagnosis of cancer and other diseases. Under terms of t...
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