Genmab buys rights to angiogenesis targets from Bionomics
Genmab, an international biotechnology company headquartered in Denmark, has acquired exclusive worldwide rights to develop therapeutics based upon a series of angiogenesis targets identified by Australian biotechnology company Bionomics.
Genmab, an international biotechnology company headquartered in Denmark, has acquired exclusive worldwide rights to develop therapeutics based upon a series of angiogenesis targets identified by Australian biotechnology company Bionomics.
The deal includes the rights to eight proteins identified and characterised by Bionomics using its proprietary Angene angiogenesis platform with potential utility in cancer and other diseases.
Bionomics will receive an upfront fee and additional fees upon the first target achieving specified preclinical and clinical milestones, as well as royalties on product sales for each product that reaches the market.
Lisa Drakeman, ceo of Genmab, said: 'We believe that inhibiting angiogenesis bears promise for the development of antibody therapeutic approaches in angiogenesis-related diseases including cancer'.
Bionomics retains the rights to a large number of additional proprietary proteins in its angiogenesis programme, including BNO69, and will continue to develop BNO69 as a target for small molecule therapeutics for the treatment of breast cancer.