By Chris Wack
LegoChem Biosciences Inc. said Friday that it has entered into a research collaboration and license agreement with Amgen Inc.
Under the deal, Amgen was granted rights to research, develop and commercialize antibody-drug conjugates directed against up to five targets selected by Amgen based on LegoChem's proprietary ConjuAll ADC technology.
LegoChem is eligible to receive up to $1.25 billion in payments and is also eligible for tiered royalties as a percentage of worldwide commercial sales by Amgen.
LegoChem said its clinical-stage ConjuAll ADC technology platform provides optimized site-specific conjugation, as well as cancer-selectively activating linker and payload technologies for ADCs.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
12-23-22 0733ET