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Thursday, September 7, 2023

Nurix, Seagen Targeted Protein Degradation, Antibody-Drug Conjugation to Advance New Cancer Therapeutics

 Nurix and Seagen to develop a portfolio of Degrader-Antibody Conjugates (DACs): antibodies that deliver a targeted protein degrader payload to selectively kill cancer cells

Nurix to receive a $60 million upfront payment, in addition to the potential for approximately $3.4 billion in milestone payments plus future royalties

Nurix retains an option for U.S. profit sharing and co-promotion on two products arising from the collaboration

Nurix to host a conference call today, September 7 at 8:30 a.m. ET

At 8:30 a.m., ET, September 7, 2023, Nurix will host a conference call and webcast to discuss this update. The live webcast, with an accompanying presentation, will be accessible under the Events and Presentations page in the Investors section of the company’s website here. To participate in the live conference call, please follow this link. A replay of the webcast and call will be archived on the Nurix website for approximately 30 days after the event.

https://finance.yahoo.com/news/nurix-announces-strategic-collaboration-seagen-110000783.html

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