Molecular Partners and Roche enter into alliance to develop new cancer treatments
Molecular Partners AG and Roche (SIX: RO, ROG; OTCQX: RHHBY) have entered into a research collaboration and licensing agreement to discover, develop and commercialize several proprietary therapeutics incorporating Molecular Partners’ DARPin™ biologics conjugated to toxic agents developed at Roche for the treatment of cancer. Under the terms of the agreement, Roche has rights to develop and commercialize several DARPin-based products. Molecular Partners is entitled to receive upfront and initiation payments up to CHF 55 million. Furthermore, Molecular Partners will receive research funding and can earn more than CHF 1 billion if all development and sales milestones are met for all potential products. In addition Molecular Partners will receive tiered royalties on any future product sales into the double-digit percentage range.