Astellas Pharma Inc. (YPH.BE), Evec Team Up for Antibody Pact Worth Up to $176.8 Million
9/6/2011 8:18:58 AM
Astellas is set to get worldwide manufacturing, development and commercialization rights for Evec's fully-human antibodies targeting infectious diseases. Evec is a developer of a range of human monoclonal antibodies in multiple therapeutic areas, including cancer, inflammatory diseases and infectious diseases. Astellas will pay a sum of JPY0.6bn as an upfront payment to Evec, under the license agreement.
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