Updated on 2 May 2016
Lebanon's Adimab LLC that discovers human monoclonal and bispecific antibodies has announced a multi-target partnership with Takeda Pharmaceutical Company Ltd.
Under the terms of the agreement, Adimab will use its proprietary platform to discover and optimize antibodies against multiple targets chosen by Takeda, who will have the right to develop and commercialize therapeutic programs resulting from the collaboration.
"We are pleased to be working with a company with such deep expertise in antibody discovery and engineering," stated Christopher Claiborne, Head of Oncology Discovery at Takeda. "Adimab's breadth of technical offerings, including bispecifics, as well as their reputation in the industry enables us to continue fulfilling our mission of aspiring to cure cancer."
"We are excited to have Takeda as a partner, and we look forward to demonstrating Adimab's advantages to the Takeda team," said Tillman Gerngross, Chief Executive Officer and Co-Founder of Adimab. "This partnership, like most of our initial partnerships, will focus on a handful of projects. Our goal is to have our partners see the output from the collaboration and fall in love with the platform. We are always happy to expand the initial collaboration into additional funded discovery projects, or even transfer the platform to our partner's facilities - to date most of our partnerships has expanded in some way."
Under the terms of the agreement, Adimab will use its proprietary yeast-based discovery and optimization platform or its proprietary rapid B cell sorting capabilities to identify fully human antibodies and against selected targets. For each target, Adimab will grant Takeda the right to research antibodies generated during the collaboration for potential use in therapeutic products. Adimab will receive an undisclosed upfront payment, research fees and technical milestones.