Morphosys Opts for Second Predevelopment Programme Within Strategic Antibody Alliance
Within its collaboration with Novartis, MorphoSys AG has nominated the second therapeutic antibody programme for joint predevelopment.
Within its collaboration with Novartis, MorphoSys AG has nominated the second therapeutic antibody programme for joint predevelopment. The predevelopment agreement provides MorphoSys with the option to enter a formal co-development for the respective programme with Novartis. Until the programme reaches formal co-development status, Novartis carries all “project-related” costs. MorphoSys’s share of the funded research will add to revenues in its Proprietary Development segment.
The first predevelopment candidate with Novartis was announced in September 2008, giving MorphoSys the opportunity to benefit from working with a very experienced pharmaceutical partner and strengthening its own drug development capabilities.
“The options on predevelopment with Novartis are an important contribution to our proprietary development activities. Including this latest addition to our pipeline, we currently pursue nine proprietary programmes and partnered candidat
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