MediLink Therapeutics Entered into a Collaboration and License Agreement with BioNTech to Develop Next-Generation Anti-Cancer Antibody-Drug Conjugate
Shots:
- MediLink will receive $70M up front and is eligible to receive additional development, regulatory, and commercial milestones of ~$1B. The companies collaborated to develop a next-generation ADC against HER3
- BioNTech will get an exclusive right globally to develop, manufacture, and commercialize one of MediLink's ADC assets excl. Mainland China, Hong Kong Special Administrative Region, and Macau Special Administrative Region
- MediLink's ADC candidate showed encouraging efficacy and safety in multiple preclinical tumor models by using MediLink's TMALIN technology, and preliminary clinical data further supports the conceptual validation of this candidate
Ref: PR Newswire | Image: MediLink
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