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Business

Celgene, Sanofi eye autoimmune disease

by Lisa M. Jarvis
January 16, 2017 | A version of this story appeared in Volume 95, Issue 3
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At the start of the JPMorgan Healthcare Conference in San Francisco last week (see page 9), Celgene and Sanofi both announced partnerships in autoimmune disease. Celgene is paying privately-held Anokion $45 million up front for access to its antigen engineering technology in a deal that includes an option to purchase the biotech firm. Sanofi, meanwhile, will pay an undisclosed sum for rights to ImmuNext’s INX-021, a CD40L antibody in preclinical development with potential to treat a swath of autoimmune diseases. Milestone payments could reach $500 million.

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