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SPARC enters into agreement with Biomodifying

To sublicense Biomodifyings IP and rights for antibodies used for cancer

December 03, 2021 3:25 IST | capital market
Sun Pharma Advanced Research Company announced that it has entered into an agreement with Biomodifying LLC (Biomodifying) to exclusively license Biomodifyings intellectual property, including all patents and patent applications owned or controlled by Biomodifying, along with antibodies developed for multiple uses including for cancer.

Under the agreement, Biomodifying is eligible for an up-front payment, milestone payments on pre-specified clinical, regulatory, and commercial milestones, as well as royalties on sales. In addition, SPARC will pay Biomodifying a percentage of payments received for sublicenses of the licensed IP.

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