Sanofi beefs up cancer drug pipeline, paying cash hungry ImmunoGen $30M for full rights to oncology portfolio
Sanofi $SNY is once again rejigging its partnership with ImmunoGen $IMGN. But two years after punting a cancer drug as the pharma giant overhauled its cancer drug pipeline, Sanofi is paying $30 million in cash to grab added commercialization rights for a string of oncology assets — including a late-stage drug — as ImmunoGen builds up its cache of cash for its lead program.
At the top of the list is isatuximab (SAR650984), an anti-CD38 antibody in Phase III for multiple myeloma. Then there’s SAR566658, an antibody-drug conjugate targeting CA6 in Phase II development for triple negative breast cancer; SAR408701, an anti-CEACAM5 ADC studied for the treatment of solid tumors; “and an additional ADC directed to an undisclosed target.”
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