Leading the Way in Life Science Technologies

GEN Exclusives

More »

GEN News Highlights

More »
Jan 23, 2009

Xoma Obtains $500K Milestone Fee from Pfizer

  • Xoma received $500,000 from Pfizer with the latter’s initiation of Phase III trials with tanezumab, a drug to treat chronic pain due to osteoarthritis. The payment is pursuant to a licensing agreement between the two firms inked in August 2007.

    The terms of the agreement called for an up-front payment of $30 million in return for nonexclusive, worldwide rights to Xoma’s patented bacterial cell expression (BCE) technology. The platform can be used for phage display and other research, development, and manufacturing of antibodies. Xoma stands to earn additional milestones, royalties, and other fees on future sales of all products subject to this license.

    “With over 50 license agreements in place, BCE continues to be an important enabling technology in antibody discovery and production,” points out Steven Engle, chairman and CEO of Xoma.

    ---

     



Related content

Be sure to take the GEN Poll

Scientifically Studying Ecstasy

MDMA (commonly known as the empathogen “ecstasy”) is classified as a Schedule 1 drug, which is reserved for compounds with no accepted medical use and a high abuse potential. Two researchers from Stanford, however, call for a rigorous scientific exploration of MDMA's effects to identify precisely how the drug works, the data from which could be used to develop therapeutic compounds.

Do you agree that ecstasy should be studied for its potential therapeutic benefits?

More »