Merck KGaA inks ADC discovery deal with AI techbio worth up to $1.4B in milestones
Merck KGaA is partnering with AI techbio Caris Discovery to identify and develop new antibody-drug conjugates in a move that could expand the German company’s oncology portfolio.
Irving, TX-based Caris will get an undisclosed upfront payment and research funding and is also eligible for up to $1.4 billion in milestones and tiered royalties on sales, per a Thursday release. Merck KGaA will take responsibility for preclinical research through commercialization for ADCs against up to 15 selected targets, for which it will get global licenses.
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