• SBIJI Innovation

Sanofi, Israel's Biond Biologics to collaborate on new cancer drug

JERUSALEM (Reuters) - Israel’s Biond Biologics Ltd said on Tuesday it had forged an exclusive global licence agreement, potentially worth more than $1 billion, with French drugmaker Sanofi for the development and commercialization of its BND-22 cancer drug.

Biond, a privately-held biopharmaceutical company, developing novel immunotherapies for cancer, said that it will receive a $125 million upfront payment in cash under the deal.

It will also be entitled to receive more than $1 billion in development, regulatory, and sales milestones, as well as tiered double-digit royalty payments, the company said.

Read More


Recent Posts

See All

Chemomab Completes Merger with Anchiano Therapeutics

Shares of Chemomab Therapeutics to commence trading on the Nasdaq Capital Market on March 17, 2021 under the new ticker symbol "CMMB" Combined company will focus on advancing Chemomab's CM-101 current