Celgene Enters $105M Cancer Partnership, Potential Buyout Deal with Lycera

Jun 09, 2015

Celgene Corporation has formed an exclusive global collaboration with Lycera, a privately held biopharmaceutical company developing breakthrough immune modulatory medicines.

The partnership will enable Celgene to take forward Lycera’s proprietary pipeline for cancer and immune-mediated diseases.

Celgene will make an $82.5 million upfront cash payment with includes an exclusive option for Celgene to license Lycera’s portfolio of ex vivo RORgamma agonist compounds. Lycera has the potential to receive near term payments of an additional $22.5 million associated with the ex vivo licensing option rights.

As part of the agreement, Celgene obtains the exclusive right to acquire Lycera upon conclusion of the option period or achievement by Lycera of pre-specified milestones.

Read the company press release

Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments