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Bayer enters into collaboration with Seattle Genetics for development of anticancer drugs

7:08 AM MDT | June 26, 2013 | Deepti Ramesh

Bayer says that its Bayer HealthCare subgroup has entered into a new antibody-drug conjugate (ADC) collaboration with biotechnology company Seattle Genetics (Bothell, WA). Bayer, under the deal, will get worldwide rights to utilize Seattle Genetics’ auristatin-based ADC technology with antibodies to several oncology targets. Under the terms of the agreement, Bayer will be responsible for research, product development, manufacturing, and commercialization of all products. In addition to an upfront payment and option exercise fees of up to $20 million...

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