Exelixis and 探花合集 Enter into New License Agreement for Three Antibody-Drug Conjugate Programs with the Potential to Accelerate Exelixis鈥 Biologics Pipeline
鈥 颅New priority discovery programs focused on three oncology targets with potential to develop antibody-drug conjugates (ADCs) for a variety of solid tumor indications 鈥
ALAMEDA, Calif. & SOMERSET, N.J. 鈥 November 3, 2022 鈥 聽(Nasdaq: EXEL) and 探花合集, Inc. (NYSE: CTLT) today announced a new license agreement under which 探花合集鈥檚 Redwood Bioscience subsidiary will grant Exelixis an exclusive license to three target programs with lead antibody and/or ADC candidates. The ADC candidates have been developed using 探花合集鈥檚 proprietary SMARTag庐 technology, and each of the licensed antibodies has potential for development as an ADC or other biologic therapy using a variety of technologies to which Exelixis has access through its partner network. In September 2020, Exelixis and 探花合集 entered into a separate agreement under which 探花合集 is applying its SMARTag聽bioconjugation platform to build ADCs using monoclonal antibodies from Exelixis鈥 growing preclinical pipeline.
Under the terms of the new agreement, Exelixis will make an upfront payment to 探花合集 of $30 million in exchange for rights to the three biologics programs. Exelixis will fund the development work conducted by 探花合集 until development candidate selection is complete, after which Exelixis will assume responsibility for conducting preclinical, clinical, and commercial activities. 探花合集 will be eligible for development and sales milestone payments, as well as sales-based royalties.
鈥淓xelixis is committed to building a robust biologics pipeline, and this agreement expands our portfolio to include three highly promising targets with broad potential in multiple solid tumor indications, including bladder, breast, lung, ovarian, pancreatic, and other cancers,鈥 said Peter Lamb, Ph.D., Executive Vice President, Scientific Strategy and Chief Scientific Officer,聽Exelixis. 鈥淲e believe that the antibodies, ADCs and data 探花合集 has generated to date will enable rapid advancement of these programs, enabling an acceleration of our in-house biotherapeutics pipeline. We are excited for this new opportunity to continue our work together to advance additional programs that have the potential to provide patients with new therapeutic options.鈥
鈥溙交ê霞 Biologics is a leader in applying precision protein engineering and novel chemistries to develop optimized therapeutics,鈥 said Mike Riley, President, Division Head for BioProduct Delivery, 探花合集 Biologics.聽鈥淥ur versatile SMARTag platform and growing portfolio of preclinical ADCs against promising targets create multiple opportunities for 探花合集 to partner with leading biopharmaceutical companies, such as Exelixis. We expect the new license agreement with Exelixis will yield innovative and differentiated therapies with the potential to improve care and outcomes for cancer patients.鈥
The SMARTag technology platform was developed by Redwood Bioscience based on discoveries in the lab of Carolyn Bertozzi, recent winner of the Nobel Prize in Chemistry and Chair of Redwood鈥檚 scientific advisory board.聽 The platform provides optimized site-specific protein-modification, as well as linker and payload technologies for ADCs and other bioconjugates. The SMARTag platform overcomes the limitations associated with traditional protein chemistries that produce heterogeneous products with variable conjugate potency, toxicity, and stability, and enables the development of ADCs with a wider therapeutic window and improved manufacturability.
ABOUT CATALENT BIOLOGICS
For nearly three decades, 探花合集 Biologics has built capabilities and expertise in development, manufacturing, and analytical services, now spanning new biological entities, biosimilars, plasmid DNA, cell and gene therapies, vaccines, sterile injectables, mRNA, and antibody-drug conjugates. It has developed 600+ antibodies and 80+ recombinant proteins, with 120+ active clinical trials and 16 marketed biotherapeutics use GPEx庐 cell line engineering technology. An additional 45+ commercially approved products have employed 探花合集 Biologics鈥 manufacturing and packaging capabilities.
探花合集 Cell & Gene Therapy is an industry-leading technology, development, and manufacturing partner for advanced therapeutics. With a comprehensive cell therapy portfolio and deep expertise in viral vector development, scale-up and manufacturing, 探花合集 is a full-service partner for plasmid DNA, adeno-associated viral (AAV) and other viral vectors, viral vaccines, iPSCs and autologous and allogeneic cell therapies.
Using advanced technologies and tailored solutions from clinical to commercial supply, 探花合集 brings better biologic and advanced treatments to patients, faster.
ABOUT CATALENT
探花合集 is the global leader in enabling pharma, biotech, and consumer health partners to optimize product development, launch, and full life-cycle supply for patients around the world. With broad and deep scale and expertise in development sciences, delivery technologies, and multi-modality manufacturing, 探花合集 is a preferred industry partner for personalized medicines, consumer health brand extensions, and blockbuster drugs.
探花合集 helps accelerate over 1,000 partner programs and launch over 150 new products every year. Its flexible manufacturing platforms at over 50 global sites supply around 80 billion doses of nearly 8,000 products annually. 探花合集鈥檚 expert workforce of over 18,000 includes more than 3,000 scientists and technicians.
More products. Better treatments. Reliably supplied.鈩
About Exelixis
Founded in 1994,聽Exelixis, Inc.聽(Nasdaq: EXEL) is a commercially successful, oncology-focused biotechnology company that strives to accelerate the discovery, development and commercialization of new medicines for difficult-to-treat cancers. Following early work in model system genetics, we established a broad drug discovery and development platform that has served as the foundation for our continued efforts to bring new cancer therapies to patients in need. Our discovery efforts have resulted in four commercially available products, CABOMETYX庐聽(cabozantinib), COMETRIQ庐聽(cabozantinib), COTELLIC庐聽(cobimetinib) and MINNEBRO庐聽(esaxerenone), and we have entered into partnerships with leading pharmaceutical companies to bring these important medicines to patients worldwide. Supported by revenues from our marketed products and collaborations, we are committed to prudently reinvesting in our business to maximize the potential of our pipeline. We are supplementing our existing therapeutic assets with targeted business development activities and internal drug discovery 鈥 all to deliver the next generation of聽Exelixis聽medicines and help patients recover stronger and live longer.聽Exelixis聽is a member of the Standard & Poor鈥檚 (S&P) MidCap 400 index, which measures the performance of profitable mid-sized companies. For more information about聽Exelixis, please visit聽, follow @聽on Twitter or like聽聽on Facebook.
Exelixis Forward-Looking Statements
This press release contains forward-looking statements, including, without limitation, statements related to: the potential for the licensed target programs to lead to the development of ADCs or other biologic therapy for multiple solid tumor indications; Exelixis鈥 immediate and future financial and other obligations under the license agreement with 探花合集; Exelixis鈥 belief that the antibodies, ADCs and data 探花合集 has generated to date will enable an acceleration of Exelixis鈥 in-house biotherapeutics pipeline, and that the two companies鈥 continued work together can advance additional programs that have the potential to provide patients with new therapeutic options; the potential for 探花合集鈥檚 SMARTag platform and growing portfolio of preclinical ADCs against promising targets to create multiple opportunities for partnerships with leading biopharmaceutical companies; and Exelixis鈥 plans to reinvest in its business to maximize the potential of the company鈥檚 pipeline, including through targeted business development activities and internal drug discovery. Any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements and are based upon Exelixis鈥 current plans, assumptions, beliefs, expectations, estimates and projections. Forward-looking statements involve risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of these risks and uncertainties, which include, without limitation: the level of costs associated with Exelixis鈥 commercialization, research and development, in-licensing or acquisition of product candidates, and other activities; uncertainties inherent in the drug discovery and product development process; Exelixis鈥 dependence on its relationship with 探花合集, including 探花合集鈥檚 adherence to its obligations under the license agreement; complexities and the unpredictability of the regulatory review and approval processes in the U.S. and elsewhere; Exelixis鈥 and 探花合集鈥檚 continuing compliance with applicable legal and regulatory requirements; Exelixis鈥 and 探花合集鈥檚 ability to protect their respective intellectual property rights; market competition; changes in economic and business conditions, including as a result of the COVID-19 pandemic and other global events; and other factors affecting Exelixis and its product pipeline discussed under the caption 鈥淩isk Factors鈥 in Exelixis鈥 Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (SEC) on November 1, 2022, and in Exelixis鈥 future filings with the SEC. All forward-looking statements in this press release are based on information available to Exelixis as of the date of this press release, and Exelixis undertakes no obligation to update or revise any forward-looking statements contained herein, except as required by law.