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Waltham’s ImmunoGen lands a $1 Million licensing fee from Amgen November 25, 2009

Posted by HubTechInsider in Biotech, Health Care IT, Pharmaceuticals, Venture Capital.
Tags: , , , , , ,

Waltham, MA-based ImmunoGen (NASDAQ: IMGN) said recently that Amgen has purchased a second license to develop a treatment that uses ImmunoGen’s technology for linking targeted antibodies to cell-killing agents that make them more potent. ImmunoGen will get $1 million upfront and could receive $34 million worth of milestone payments over time if Amgen is successful in developing a drug against an undisclosed target on cancer cells. Amgen bought its first such license to the ImmunoGen technology in September.


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