Amgen Inc. (MM) (NASDAQ:AMGN)
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5 Years : From Jul 2012 to Jul 2017
German chemical and pharmaceutical company Bayer AG (BAYN.XE) said Tuesday it has agreed with Amgen Inc. (AMGN) to develop and commercialize a new antibody for treating cancer.
-Financial details of the deal weren't disclosed.
-Bayer will collaborate with Amgen at its Munich site from the research phase to the completion of initial clinical trials.
-After the initial trials have been completed, Bayer will be responsible for further development and commercialization of the product candidate.
-In 2009, Bayer had entered into an agreement with Micromet, Inc. to produce another antibody.
-Micromet was acquired by Amgen in early 2012.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500