Article: Genentech, Xenova In Potential $63M Deal For OX40 Program.

BioWorld International Correspondent

Xenova Group plc signed a deal worth up to $63 million that gives Genentech Inc. rights to XenovaEs preclinical OX40 program to develop drugs targeting disorders of the immune system.

Genentech will pay license fees of up to $5 million during the first year of the collaboration, and Xenova could see up to $58 million in milestones based on the clinical development and commercialization of one product, plus royalties on any sales. South San Francisco-based Genentech has an option to develop a second product and would pay milestones and royalties on that product as well.

Xenova CEO David Oxlade said, oThis deal ...

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