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Pharmaceuticals
Immunomedics, UCB in pact
May 15, 2006
| A version of this story appeared in
Volume 84, Issue 20
Belgium-based UCB has licensed Immunomedics' lead product, the monoclonal antibody epratuzumab, in a deal that gives UCB worldwide rights to develop the drug for all autoimmune disease indications. Immunomedics will receive $38 million upfront and potential milestone payments of up to $145 million in cash and $20 million in equity investment. Epratuzumab is now in Phase III clinical trials for the treatment of systemic lupus erythematosus, an autoimmune disease.
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