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    Home > Active Ingredient News > Drugs Articles > Cytomx shares jumped 60 percent with a $1.2 billion partnership with Moderna

    Cytomx shares jumped 60 percent with a $1.2 billion partnership with Moderna

    • Last Update: 2023-02-03
    • Source: Internet
    • Author: User
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    On January 5, 2023, Cytomx announced a collaboration agreement with Moderna to jointly develop a new proantibody drug
    for mRNA expression.

    Under the agreement, Moderna pays an upfront payment of $35 million (including $5 million in research and development expenses), a $1.
    2 billion milestone amount, and a percentage share of
    sales.

    Affected by this news, Cytomx shares jumped 60%
    after hours.

    Cytomx is a pioneer in proantibody technology, and its Probody technology is used in a wide range of drug formats, including monoclonal antibodies, dual antibodies, ADCs, and cytokines
    .

    summary

    summary

    Cytomx's proantibodies have reached cooperation with many large companies, including BMS, Astellas, Moderna, etc.
    , but the clinical progress of its own R&D pipeline is not smooth, and the preantibody technology has never completed a major clinical breakthrough
    .
    In any case, it is hoped that the ongoing clinical exploration will eventually make progress
    .

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