BioCentury on BioBusiness,
Abgenix: Opening the spigot
Tuesday, January 4, 2000
Abgenix Inc. has been working under a self-imposed limit of
six deals per year for its XenoMouse human antibody technology due to resource
constraints. But the company says that the combination of large new collaborations
and the acquisition of full rights to the mouse technology from Japan Tobacco Inc. have changed its plans.
For ABGX, the acquisition means it no longer owes JT a 1 percent
royalty on product sales, and it "removes an annual ceiling on the number
of deals we could do," said CFO Kurt Leutzinger, referring to
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