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Bayer Schering Pharma AG has filed to initiate a Phase I trial of MN-IC, an antibody-drug conjugate (ADC) for oncology
September 8, 2009
By: Tim Wright
Bayer Schering Pharma AG has filed to initiate a Phase I trial of MN-IC, an antibody-drug conjugate (ADC) for oncology. The move triggers milestone payments to MorphoSys AG and Seattle Genetics. Terms of the payments were not disclosed, but a MorphoSys statement referred to it as “significant.” Bayer Schering licensed Seattle Genetics’ ADC technology with antibodies against target molecule MN, also known as carbonic anhydrase, a tumor-associated antigen expressed in many tumor types under hypoxic conditions. The antibody component of the treatment is derived from MorphoSys’ HuCal technology. Read our profile of Bayer Schering in this year’s Top Companies Report!
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