August 29, 2017 / 11:03 AM / 2 years ago

BRIEF-Jazz Pharmaceuticals and Immunogen sign deal to develop, commercialize antibody-drug conjugate products

Aug 29 (Reuters) - Immunogen Inc

* Jazz Pharmaceuticals and Immunogen inc announce a strategic collaboration and option agreement to develop and commercialize antibody-drug conjugate products

* Immunogen will be responsible for development of three ADC programs prior to any potential opt-in by Jazz

* Immunogen Inc - as part of agreement, Jazz will pay Immunogen an upfront payment of $75 million

* Immunogen Inc - additionally, Jazz will pay Immunogen up to $100 million in development funding over seven years to support three ADC programs

* Immunogen - After any opt-in, Jazz would be responsible for any further development as well as for potential regulatory submissions, commercialization

* Immunogen - Programs covered under agreement include IMGN779, a CD33-targeted ADC for treatment of acute myeloid leukemia (AML) in Phase 1 testing

* Immunogen - Programs under deal also include IMGN632, a CD123-targeted ADC for hematological malignancies seen to enter clinical testing before end of year Source text for Eikon: Further company coverage:

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