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17 Oct 2011

Oncobiologics Inks Two Deals with Combined Value of $80M

One agreement involves worldwide licensing for an undisclosed biotherapeutic product and the other aims to conduct research on downstream processing of monoclonal antibodies.

US-based biotech Oncobiologics has signed an agreement with early-stage biotech company Parilis Biopharmaceuticals involving worldwide licensing for an undisclosed biotherapeutic product. 

 

The company's another partnership with a U.S.-based large pharmaceutical firm is to conduct research on solving issues related to downstream processing of monoclonal antibodies.

 

The combined value of the two agreements will reach approximately $80 million.

 

Dennis O'Donnell, chief executive officer of Parilis Biopharmaceuticals, said, "This is a major step for Parilis in selecting a biotherapeut

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