Optimum partner secured for first antibody deal
Lighthouse | 25 October 2022
Trinity Delta view: The deal with Genmab for a GlyMab antibody brings a well-regarded, highly experienced antibody expert as a partner. Importantly it is a strong external endorsement of Scancell’s in-house antibody capabilities. The total deal terms of up to $624m in potential milestones, plus royalties, could be material for Scancell if one or more products are developed and commercialised; Genmab has a proven track record of successful clinical development. The deal also reduces the development risks for Scancell and should enable rapid progression towards clinical trials, which Genmab can fully fund to maximise the commercial opportunities. Scancell management can now focus internal resources on advancing other GlyMab programmes, plus the vaccine platforms, Moditope and Immunobody, and on the AvidiMab antibody technology.
25 October 2022
|Primary exchange||AIM London|
Scancell is a clinical-stage immuno-oncology specialist that has four technology platforms. Two flexible therapeutic vaccine platforms are progressing through development. ImmunoBody and Moditope induce high avidity cytotoxic CD8 and CD4 responses, respectively, with the potential to treat various cancers.
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