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ADC from A to Z

ImmunoGen and Lilly in $200 million-plus deal for antibody drug conjugates
Written byAmy Swinderman
| 3 min read

WALTHAM, Mass.—At the end of December, Eli Lilly & Co.entered into a collaboration agreement with anticancer therapy developerImmunoGen that gives the pharma access to ImmunoGen's antibody drug conjugate(ADC) technology, a partnership expected to advance the pursuit of targetedtherapies for cancer patients.

Under the agreement, Lilly will pay an upfront fee of $20million for rights to take a limited number of exclusive licenses to useImmunoGen's maytansinoid Targeted Antibody Payload (TAP) technology with Lillymonoclonal antibodies to develop novel ADC anticancer therapeutics. Eachlicense taken entitles ImmunoGen to receive milestone payments potentiallytotaling approximately $200 million and also royalties on the sales of anyresulting products. ImmunoGen is also entitled to receive financialcompensation for any research and/or manufacturing done on behalf of Lilly.Lilly will bear responsibility for the development, manufacturing and marketingof any products resulting from the agreement.

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