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Markets :: Fine Chemicals/Biotech :: Industrial Biotech

Sanofi-Aventis Signs Licensing Agreement with U.S. Biotech Firm

4:14 AM MDT | October 2, 2009 | Deepti Ramesh

Sanofi-Aventis (Paris) says it has entered into an exclusive global collaboration and licensing agreement with biotechnology company Merrimack Pharmaceuticals (Cambridge, MA) for MM-121, a monoclonal antibody in oncology. MM-121 is currently in Phase 1 clinical testing. Sanofi-Aventis will receive an exclusive worldwide license to develop, manufacture and commercialize MM-121, under the terms of the deal. Merrimack will retain potential co-promotion rights in the U.S. MM-121 is a pioneering monoclonal antibody which brings a new innovative approach to...

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