Kyn Therapeutics Enters into Global Strategic Collaboration with Celgene to Develop Immuno-oncology Therapies
CELGENE (CELG)
Last celgene earnings: 10/31 07:30 am
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Source: Business Wire
- Celgene gains exclusive options to two Kyn therapeutic programs - Kyn to receive $80 million upfront payment and an equity investment by Celgene with potential clinical, regulatory and commercial milestone payments, plus additional royalties on net sales from licensed programs BOSTON--(BUSINESS WIRE)-- Kyn Therapeutics, a clinical-stage biotechnology company advancing research into new immunometabolic therapies for treating cancer, today announced it has entered into a global strategic collaboration with Celgene Corporation (NASDAQ:CELG). The goal of the collaboration is to develop novel immuno-oncology therapies through uniting Kyn’s immuno-oncology expertise and pipeline with Celgene’s capabilities for developing and commercializing medicines in areas of high unmet medical need. The collaboration begins with an upfront payment and an equity investment by Celgene, which receives exclusive opti
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