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Business

Amgen Licenses Micromet Technology

by Lisa M. Jarvis
July 18, 2011 | APPEARED IN VOLUME 89, ISSUE 29

Amgen will pay Micromet $14 million up front to apply the Rockville, Md.-based biotech firm’s BiTE antibody technology against three solid-tumor targets. Amgen has the right to develop BiTE antibodies against two of the targets. It will cover all the program’s R&D costs, which the companies say could run up to $35 million. Micromet’s BiTE antibodies bind T cells to tumor cells, prompting cell death as well as the proliferation of more T cells at the tumor site.

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