IMMUNOPRECISE ANTIBODIES LTD. announced that it, through its subsidiary Talem Therapeutics, has entered into a research license agreement (the “Agreement”) with Janssen Research & Development, LLC (“Janssen”), providing Janssen exclusive access to a panel of novel, monoclonal antibodies against an undisclosed target. Pursuant to the Agreement, Janssen holds an option to acquire all commercial rights to the antibodies. The financial details of the transaction have not been disclosed.
“This Agreement validates Talem’s business concept in early antibody discovery and development,” said Ilse Roodink, Chairwoman of Talem’s Scientific Advisory Committee and Scientific Director at IPA Europe. “It is a significant milestone to see this exclusive agreement through Talem finalized with Janssen, a company so well positioned to further develop and maximize the potential of these lead candidates for clinical applications.”
“Talem continues to build a therapeutic program pipeline for commercial partnering, thus optimizing shareholder value creation based on IPA’s infrastructure across Europe and North America,” added Jennifer Bath, President and CEO of IPA.