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MultiCell Immunotherapeutics

Woonsocket, Rhode Island, United States

Ownership: Private
Development stage: Other

Overview

MultiCell Immunotherapeutics developed antibody-drug conjugates (ADCs) for cancer treatment. The company's ADC platform technology featured unique multivalent, cleavable linkers allowing drugs to be released intracellularly or extracellularly upon antibody binding to target cells. In March 2015, MCIT signed an agreement with Oxis Biotech to develop three novel ADCs for triple-negative breast cancer and multiple myeloma treatment.

Therapeutic areas: Oncology
Modalities: Antibody-drug conjugate
Industry: Biotech

Partnerships

Research & development and product license agreement signed in March 2015 with Oxis Biotech to create three novel antibody-drug conjugates for triple-negative breast cancer and multiple myeloma. Terms included $500,000 license fee, up to $1.125 million in development cost reimbursement, up to $12.75 million in clinical development milestones, $10 million option for manufacturing rights, and 3% royalty on net yearly sales.

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