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Multi-Program oncology collaboration triggers $10 million milestone payment to CytomX
July 9, 2019
By: Cassandra Gervolino
CytomX Therapeutics, Inc. announced the second target selection by its partner AbbVie under the companies’ 2016 Discovery Collaboration and Licensing Agreement to discover and develop Probody drug conjugates (PDC). The target selection triggers a $10 million payment to CytomX from AbbVie. The companies are also advancing a clinical-stage asset, CX-2029, under a global co-development and licensing agreement. “The initiation of this additional program with AbbVie and the associated milestone p...
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