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Adagene to Add Masking Technology to 4 Sanofi Candidates in $2.5 Billion Deal

publication date: Mar 2, 2022

Adagene, a Suzhou antibody company, will apply its masking technology to as many as four Sanofi candidates in a collaboration worth up to a spectacular $2.5 billion. Adagene's SAFEbody technology applies a precision masking technology that shields the biologic's binding domain. In the tumor microenvironment, the underlying antibody is unmasked. The technology is designed to minimize on-target off-tumor toxicity in healthy tissues. The agreement is heavily backloaded: Adagene will receive $17.5 million upfront to apply SAFEbody to the initial two Sanofi candidates. Sanofi will be responsible for clinical trials and marketing. More details.....

Stock Symbol: (NSDQ: ADAG)

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