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Amgen buying BioVex for OncoVEX immunotherapy based on Phase II melanoma data
Related tables, figures and sidebars
Lysing what it sees
Monday, January 31, 2011
Since the approval of Dendreon
Corp.'s Provenge finally validated the idea of cancer immunotherapy,
one of the next big questions has been how this treatment modality would be incorporated
into the portfolios of major oncology players. Amgen
Inc. provided an idea last week, committing $425 million in cash up
front and up to $575 million in milestones to acquire BioVex
Inc. for its OncoVEX GM-CSF, an oncolytic vaccine to treat advanced
melanoma and head and neck cancer.
The key message is that buyers
and investors can now look beyond questions about the science behind
immunotherapies and instead focus on what happens in the clinic.
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