Medarex has agreed to collaborate with Akzo Nobel's human healthcare subsidiary Organon on human antibody therapeutics research for the treatment of cancer and auto-immune disorders.
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<p>Under the terms of the agreement, biopharmaceutical company Medarex and Organon plan to share development and commercialization responsibilities on any antibody-based therapeutics resulting from this collaboration, and to share revenues generated from the sale of such therapeutic products. Financial terms were not disclosed.<br /><br />David Nicholson, executive vice president of R&D at Organon, said: We have recently increased our efforts in Cambridge, Massachusetts, to identify novel biologicals which will be effective treatments for auto-immune and oncological disorders, this additional collaboration with Medarex represents a further step towards becoming a very effective biological drug hunting company.</p>