Astellas licenses Velocimmune technology for discovering human monoclonal antibodies

Published: 3-Apr-2007

Japanese company Astellas Pharma and Regeneron Pharmaceuticals, of the US, have entered into a non-exclusive license agreement that will allow Astellas to utilise Regeneron\'s VelocImmune technology in its internal research programmes to discover human monoclonal antibody product candidates.


Japanese company Astellas Pharma and Regeneron Pharmaceuticals, of the US, have entered into a non-exclusive license agreement that will allow Astellas to utilise Regeneron's VelocImmune technology in its internal research programmes to discover human monoclonal antibody product candidates.

Astellas will pay US$20m upfront and will make up to five additional annual payments of $20m, subject to the ability to terminate the agreement after making the first three additional payments. Upon commercialisation of any antibody products discovered using VelocImmune, Astellas will pay a royalty on product sales.

'VelocImmune is the centerpiece of Regeneron's suite of technologies for the discovery and development of fully human monoclonal antibodies,' said Dr George D. Yancopoulos, president of Regeneron Research Laboratories and Regeneron's cso. 'We are pleased that Astellas has selected the VelocImmune platform for its internal development programmes.'

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