Weekly Digest - Feb 2024

Weekly Digest - Feb 2024

19 Feb 2024: Gilead signs antibody agreement with Biocytogen amid growing ADC excitement

  • Biocytogen Pharmaceuticals announces a new antibody evaluation and option agreement with Gilead Sciences, providing access to its fully human antibody library
  • Under the deal, Gilead has a three-year nomination period to select targets and evaluate antibodies, with the option to acquire selected antibodies for global therapeutic development
  • Biocytogen’s expertise includes four genetically engineered RenMice platforms for discovering various antibody types, including bispecific antibody-drug conjugates (ADCs) and TCR-mimic antibodies
  • The company has been involved in numerous therapeutic antibody and clinical asset co-development agreements, with over 50 partnerships as of June 2023
  • Recent collaborations with Radiance Biopharma, Ona Therapeutics, and Myricx Bio highlight Biocytogen’s focus on advancing ADC expertise through strategic partnerships
  • This partnership aligns with a trend of significant deals in the ADC sector, exemplified by Amgen’s $2 billion licensing agreement with Synaffix in January 2023, indicating growing interest and investment in ADC technology

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