Ablynx enters into research and license agreement with Wyeth
Ablynx has granted Wyeth exclusive worldwide rights to Nanobodies® targeting the clinically validated target TNF-. Ablynx and Wyeth will collaborate to advance these novel biologics through preclinical development. Ablynx will receive an initial payment, research support and milestone payments. Potential payments to Ablynx could total up to $212.5 million for the successful development and commercialisation of multiple products. In addition Ablynx will receive royalties on product sales.
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