Quarterly venture investment activity into neurology focused biopharma companies is back to pre-2020 level. This is no surprise given the investment slowdowns across all therapy area and broader life sciences. The drop seems to have stabilized however, and emerging...

May 2021 Top Biopharma Deal: Agenus – BMS for AGEN-1777 Bispecific Anti-TIGIT Antibody for Non-Small Cell Lung Cancer
Highlighted Deal Financial Comps
Date Announced:
Total Deal Value:
Upfront Cash:
Upfront Equity:
Option Payments:
Total Milestones:
Royalties:
Cost & Profit Split:
Deal Synopsis
The Asset:
Deal Structure:
Partnership Features:
Deal Details:
- Agenus granted BMS exclusive, worldwide rights to develop and commercialize AGEN-1777 and an undisclosed target as immuno-oncology therapies, including non-small cell lung cancer (NSCLC).
- Agenus will initiate the IND application for AGEN-1777.
- BMS will be responsible for all further development and commercialization.
- Agenus has an exclusive option to develop undisclosed targets and will have an option to co-promote in the U.S.
- Agenus will receive $200M up front and is eligible to receive up to $1.36B in milestones, plus tiered double-digit royalties.
Last Month:
Congrats to Agenus and BMS for landing the DealForma May 2021 Top Biopharma Deal Upfront. The Deal of the Month for April 2021 was the CRISPR – Vertex deal for CTX001. Read about it here.
DealForma’s Deal of the Month selection is based on the largest disclosed upfront cash and equity total in partnership deals involving R&D as announced in the month prior to this article. Data for this analysis was compiled using the DealForma biopharma deals database. All data are based on publicly disclosed figures and deal terms.
We invite you to answer interesting questions on biopharma business development and licensing using our data and carefully curated profiles on deals, pipelines, companies, funding, and business executives by visiting dealforma.com to schedule your personalized demo.
21,135
Licensing Deals
21,479
Funding Rounds
4,145
M&A
34,717
Company Profiles
5,766
Other Deals
26,805
Drug Sales Figures
All of this by stage, disease indication, modality, target...
More Research by DealForma
Cerebral Alliances: A Closer Look At Neurology R&D Partnerships In H1 2023
We are tracking the biopharma R&D partnerships in neurology through the first half of 2023. Some notable licensing deals include Voyager's partnership with Neurocrine, which secured an upfront payment of $175 million and the potential to achieve up to $4.2 billion...