Amgen ties up with Kite Pharma for cancer drug research
The alliance combines Amgen's oncology targets and Kite's leading CAR T cell therapy platform to develop new therapeutic candidates
BS B2B Bureau B2B Connect | California, USA
Under the terms of the agreement, Amgen will contribute cancer targets, and Kite will leverage its proprietary CAR platform, research and development (R&D) and manufacturing capabilities, and expertise. Kite will be responsible for conducting all preclinical research and cell manufacturing and processing through investigational new drug (IND) filing. Each company will then be responsible for clinical development and commercialisation of their respective CAR therapeutic candidates, including all related expenses.
Kite will receive from Amgen an upfront payment of $60 million, as well as funding for R&D costs through IND filing. Kite will be eligible to receive up to $525 million in milestone payments per Amgen program based on the successful completion of regulatory and commercialisation milestones, plus tiered high single- to double-digit royalties for sales and the license of Kite's intellectual property for CAR T cell products. Amgen is eligible to receive up to $525 million in milestone payments per Kite program, plus tiered single-digit sales royalties.
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Arie Belldegrun, president and chief executive officer, Kite Pharma, added, “We believe that the therapeutic candidates resulting from the collaboration will have the potential to dramatically transform CAR approaches and to become some of the most powerful therapies for the treatment of cancer.”
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First Published: Jan 06 2015 | 3:01 PM IST

