Bioengineering

Medarex Announces Extension of Broad Antibody Development Relationship with Centocor

Published in Law and Health Weekly, September 22nd, 2007

Medarex, Inc. (NASDAQ:MEDX) announced the extension of a broad antibody development relationship with its licensing partner, Centocor R&D, Inc. The extended relationship provides Centocor with continued access to Medarex's UltiMAb Human Antibody Development System(R) for the generation of fully human antibodies to an unlimited number of targets.

Under the terms of the new agreement, Centocor will license Medarex's UltiMAb(R) technology to discover and potentially develop and commercialize fully human antibody therapeutics. Medarex expects to receive license fees and milestone payments as well as royalties on commercial sales of any products that may result from this...

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Source: Law and Health Weekly (2007-09-22)

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