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BioWorld - Friday, May 1, 2026
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Home » No IPO for Kymab as Sanofi offers $1.1B up front plus $350M in milestones
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No IPO for Kymab as Sanofi offers $1.1B up front plus $350M in milestones

Jan. 11, 2021
By Cormac Sheridan
DUBLIN – Sanofi SA is paying $1.1 billion up front and up to $350 million more in potential clinical development and regulatory milestones to acquire antibody developer Kymab Ltd. The deal adds to Sanofi’s pipeline first-in-class OX40-ligand blocker KY-1005, which recently hit the primary endpoints of a phase IIa trial in atopic dermatitis, as well as a second clinical-stage asset, KY-1044, an ICOS agonist in development for solid tumors. It also brings Sanofi a new antibody discovery platform, comprising several transgenic mouse strains, which collectively encode all the building blocks required to produce fully human antibodies.
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