Breaking News, Collaborations & Alliances

Moderna Exercises Option Under Avacta Alliance

Avacta is eligible to receive future milestones and royalties in connection with future product sales

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By: Kristin Brooks

Managing Editor, Contract Pharma

ModernaTX, Inc. has exercised its option to enter an exclusive licensing agreement with Avacta Group plc, with respect to certain Affimers against a potential therapeutic target under the companies’ ongoing research alliance.   In 2015, Avacta and Moderna entered a collaboration, license and option agreement under which Moderna was granted exclusive access to Avacta’s Affimer technology for certain collaboration targets and the option to enter into exclusive license agreements on pre-agreed te...

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