In today's significant market developments, MediLink Therapeutics has announced a pivotal collaboration with BioNTech, granting them exclusive global rights to its innovative TMALIN® ADC technology. This partnership will see BioNTech pay $25 million upfront, with the potential for milestone payments reaching up to $1.8 billion and tiered royalties on future sales. The agreement also allows MediLink to negotiate exclusive licensing in Mainland China and neighboring regions. This expansion of their partnership, which initially started in October 2023, aims to enhance their joint development of the anti-HER3 ADC BNT326/YL202, showcasing the growing importance of antibody-drug conjugates in the biopharmaceutical landscape. Read More
Stock Market News 2024-05-26
4 news published.
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