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Drug Development
LifeArc raises $1.3 billion from royalty sale
by Alex Scott
May 25, 2019
| A version of this story appeared in
Volume 97, Issue 21
The UK medical research charity LifeArc has sold most of its royalty rights for the antibody pembrolizumab to the Canada Pension Plan Investment Board for $1.3 billion. LifeArc got the royalty for helping develop the antibody with Organon, which Merck & Co. later acquired. Pembrolizumab, now marketed by Merck as Keytruda, brought in sales of $7.2 billion last year. LifeArc chairman John Stageman describes the deal as “a once-in-a-generation opportunity.”
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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