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Theraclone, Pfizer Ink Antibody Agreement Worth up to $632M

By Marie Powers


Thursday, January 20, 2011
Privately held Theraclone Sciences Inc., of Seattle, has grabbed a tiger by the tail, inking a multiyear research and development collaboration with Pfizer Inc. for the company's in situ therapeutic antibody rescue (I-STAR) technology. The deal makes Theraclone eligible to receive up to $632 million in research funding and milestone payments upon the achievement of discovery, development, regulatory and commercialization milestones, plus undisclosed royalties on future sales.

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