Amgen comes up with $1.5B package to partner with CytomX on a preclinical Probody approach to cancer
About six months after Bristol-Myers Squibb forked out $200 million in cash to expand its work with CytomX $CTMX and the precision biology tech found on its Probody antibody platform, Amgen has signed off as the biotech’s latest marquee collaborator.
Just as Bristol-Myers $BMY was drawn to Probodies for a shot at a new and better CTLA4, among other things, Amgen $AMGN is coming in for a T-cell engaging bispecific targeting the Epidermal Growth Factor Receptor (EGFR), a high-value target expressed on multiple cancer types. They’re building on the biotech’s preclinical work on an EGFRxCD3 program.
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