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Stock impact report

Agenus and Zydus complete $141m BOT+BAL immunotherapy collaboration deal [Yahoo! Finance]

Agenus Inc. (AGEN) 
Last agenus inc. earnings: 3/12 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: agenusbio.com/investors
Company Research Source: Yahoo! Finance
The collaboration secures funding and sustained biologics manufacturing capacity in the US for Agenus, supporting clinical development, early access initiatives, and future commercial production. Under the agreement, Agenus has provided Zydus with exclusive rights to develop and commercialise BOT/BAL in Sri Lanka and India, with Agenus eligible for a 5% royalty on net sales from these markets. Key financial terms include a $75m upfront cash payment to Agenus for transferring manufacturing sites in Emeryville and Berkeley, California, a $16m equity investment by Zydus in Agenus common stock (around 2.1 million shares at $7.50 per share), and up to $50m in contingent milestone payments triggered by production orders of BOT+BAL. Last year, the BOT+BAL combination showed a two-year overall survival rate of 42% and a mature median overall survival of 21 months in an expanded cohort of 123 patients with third-line or later microsatellite-stable metastatic colorectal cancer without ac Show less Read more
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