Reported Sunday, MediLink Therapeutics And BioNTech Enhance Strategic Partnership With TMALIN ADC Technology Collaboration
Portfolio Pulse from Benzinga Newsdesk
MediLink Therapeutics and BioNTech have enhanced their strategic partnership with a new collaboration involving TMALIN ADC technology. MediLink will receive an upfront payment of $25 million and could earn up to $1.8 billion in milestone payments, along with tiered royalties on future sales. MediLink also holds the right of first negotiation for future collaborations in specific markets.
May 28, 2024 | 7:35 am
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BioNTech has entered into a new collaboration with MediLink Therapeutics involving TMALIN ADC technology. This partnership includes an upfront payment of $25 million to MediLink and potential milestone payments up to $1.8 billion, along with tiered royalties on future sales.
The new collaboration with MediLink Therapeutics is likely to positively impact BioNTech's stock in the short term due to the potential for significant milestone payments and future royalties. The upfront payment and the strategic nature of the partnership also add to the positive sentiment.
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