Arecor to retain Inhibrx royalties in wake of Sanofi acquisition
The company that developed the technology behind Sanofi’s purchase of Inhibrx said that royalty obligations won’t change with the acquisition.
Arecor, a Cambridge, UK startup, will retain royalties to INBRX-101, Sanofi’s primary acquisition target, following a licensing agreement between Arecor and Inhibrx from 2020, according to a press release. The announcement comes after Arecor received a milestone payment from Inhibrx last November.
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