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Oncology

New pact to develop radiopharmaceuticals

by Shi En Kim
April 1, 2023 | A version of this story appeared in Volume 101, Issue 11
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Bicycle Therapeutics will work with Novartis to develop radioconjugates for cancer. Bicycle’s pipeline consists of double-looped, synthetic peptides conjugated to chemical payloads such as toxins. Bicycle will discover drug candidates for the pharma giant to commercialize. Under the terms of the agreement, Bicycle will receive $50 million up front and as much as $1.7 billion in milestone payments, plus royalties.

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