Licensing Agreement

Immunomedics regains North American development rights for epratuzumab

Published in Biotech Business Week, May 3rd, 2004

Immunomedics, Inc., (IMMU) and Amgen, Inc., (AMGN) announced that Amgen has returned to Immunomedics all rights for epratuzumab, the humanized CD22 monoclonal antibody therapeutic licensed to Amgen by Immunomedics in December 2000, including rights to second-generation molecules and conjugates.

As part of the transaction, Immunomedics has agreed to issue to Amgen a 5-year warrant to purchase 100,000 shares of the company's common stock with a strike price equal to $16.00 per share. Amgen will receive a final payment of $600,000 from Immunomedics if epratuzumab is approved for commercialization in the United States for non-Hodgkin lymphoma (NHL) therapy. There are no...

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Source: Biotech Business Week (2004-05-03)

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