Amgen, Inc. is continuing down its chosen 2021 path of M&A, entering into an agreement to acquire the private US venture Teneobio, Inc. for $900m in cash upfront, plus future contingent milestone payments worth up to an additional $1.6bn in cash, in a bid to build out multiple technologies in the antibody space.
The deal will bring to the biotech giant Teneobio’s lead internal asset TNB-585, a Phase I stage bispecific anti-PSMA/CD3 T-cell-engager...





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