BioCentury on BioBusiness,
Product Discovery & Development
How Genentech justifies $725M up front for Seragon's Phase I compounds
Monday, July 14, 2014
of a well-explored target and unmet need led Genentech
Inc. to commit potentially over $1.7 billion to acquire Seragon
Pharmaceuticals Inc. after seeing Phase I data for its
selective estrogen receptor degradation program in women with hormone
receptor-positive breast cancer.
The deal let
Seragon's management repeat its modus operandi of
cashing programs out early rather than supporting a licensor through a large
Phase III program.
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