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MITI Mitesco Inc (PK)

0.29
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Mitesco Inc (PK) USOTC:MITI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.29 0.129 0.44 0.29 0.129 0.129 280 21:02:14

Sanofi, Micromet To Collaborate On BiTE Antibody

29/10/2009 7:46am

Dow Jones News


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French drug company Sanofi-Aventis SA (SNY) and U.S.-based Micromet Inc. (MITI) Thursday said they have signed an agreement to license and develop the cancer treatment BiTE antibody.

According to the agreement, Micromet will develop the treatment through Phase I trials and Sanofi will then take charge of further development and commercialization of the antibody.

Sanofi will pay Microment EUR8 million upfront, the companies said in a statement. Micromet could then receive up to EUR162 million in royalties and up to an additional EUR150 million for sales.

Company Web site: www.sanofi-aventis.com

-By Mimosa Spencer, Dow Jones Newswires; +33 01 40 17 17 73; mimosa.spencer@dowjones.com

 
 

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