Trillium and Biogen Idec Enter Into Global License Agreement
Trillium Therapeutics Inc. (TTI) announced that it has entered into a definitive license agreement with Biogen Idec, granting the latter exclusive worldwide rights to one of Trillium's development programs.
Under the terms of the agreement, TTI will receive an upfront payment and is eligible to receive milestone payments based on achievements of specified clinical, regulatory and commercial accomplishments. TTI will also receive royalties on global product sales. No other financial terms were disclosed. Biogen Idec will be solely responsible for clinical development, regulatory approvals, manufacturing and commercialization.
"Trillium's strong immunology foundation and its close connection toToronto'sworld class immunology research community, has allowed it to build a suite of exciting biologies opportunities in the immunoregulatory field", said Dr. Michael Moore, Trillium's Chairman. "We look forward to concluding additional partnerships later in the year, particularly around our non-core assets."
Organizations
Other news from the department business & finance

Get the life science industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
More news from our other portals
Last viewed contents
Abortifacient

Holes in T cells - Study reveals previously unknown function of immune cells
Taconic Biosciences and Cellaria Biosciences collaborate to facilitate xenograft use in oncology research

This is how the superbug Pseudomonas aeruginosa reacts to antibiotics - Specific properties might become targets for drugs
Category:Swiss_biochemists
Validation of the dossier for drug approval of Biofrontera's BF-200 ALA successful
All tied up: Tethered protein provides long-sought answer
Naturalpha launches a clinical investigation center for nutrition
Biosignal: Collaboration with international company on agriculture applications - Evaluation for use in crop protection to be conducted over 9 months
Modified_starch
Indivumed to study the integrity of biospecimen sampling procedures for the U.S. National Cancer Institute - Analysis of biopsy sampling procedures a prerequisite for the development of future individualized cancer therapies
