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Novartis Licenses ImmunoGen’s ADC Technology

ImmunoGen eligible for milestones and royalties

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By: Tim Wright

Editor-in-Chief, Contract Pharma

ImmunoGen and Novartis have entered a licensing agreement under which Novartis has the exclusive right to use the company’s ADC technology to develop anticancer therapeutics for an undisclosed target.   This is the second license agreement between the companies. For each license, ImmunoGen receives an upfront payment and is entitled to receive milestones potentially totaling $200 million, plus royalties on sales of any resulting products. Novartis is responsible for the development, manufa...

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