WuXi Biologics Announces Research Service Agreement With BioNTech On Discovering Investigational Monoclonal Antibodies For Developing Next-Generation Therapeutic Product Candidates; WuXi Biologics Will Receive A $20M Upfront Payment
Portfolio Pulse from Benzinga Newsdesk
WuXi Biologics has signed a research service agreement with BioNTech to discover monoclonal antibodies for developing therapeutic product candidates. WuXi Biologics will receive a $20M upfront payment and may get additional payments for milestones and royalties. The collaboration leverages WuXi's proprietary antibody discovery platforms to support BioNTech's pipeline.
January 10, 2024 | 4:16 pm
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BioNTech enters a research agreement with WuXi Biologics to discover monoclonal antibodies, with WuXi receiving $20M upfront. This could enhance BioNTech's pipeline with new therapeutics.
The agreement with WuXi Biologics is likely to have a positive short-term impact on BioNTech's stock (BNTX) as it represents an investment in expanding their therapeutic pipeline, which could lead to future revenue growth. The upfront payment indicates a strong commitment and the potential for additional milestone payments and royalties suggests a promising outlook for the collaboration.
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