Dyax and Glenmark start antibodies agreement

Published: 13-Mar-2007
Sustainability Research & Development

Dyax and Glenmark Pharmaceuticals have entered into a funded research agreement for the discovery of therapeutic antibodies.


Dyax and Glenmark Pharmaceuticals have entered into a funded research agreement for the discovery of therapeutic antibodies.

Dyax will perform funded research to identify therapeutic antibodies for three targets provided by Glenmark. Dyax will receive technology license fees and full time employee payments from Glenmark for the funded research as well as clinical milestone payments and royalties on net sales.

Glenn Saldanha, managing director and ceo of Glenmark Pharmaceuticals, said: 'This is a very important step in Glenmark's entry in the field of novel biologics research. Oncology and inflammation are areas of large unmet medical needs. Our strategy to supplement NCE research with biologics research would allow us to build a strong pipeline in this area. We expect the first Biologic product from Glenmark to enter clinics in 2009.'

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