Ladenburg, Germany, 9 September 2022 – Heidelberg Pharma AG (FSE: HPHA) today announced that its subsidiary Heidelberg Pharma Research GmbH and Takeda signed a license agreement granting Takeda an exclusive license to commercially develop an Antibody Targeted Amanitin Conjugate directed to a previously selected target molecule.
Takeda obtained access to Heidelberg Pharma's proprietary Amanitin toxin-linker platform technology under an exclusive multi-target research agreement effective as of June 2017. Takeda provided different antibodies to Heidelberg Pharma to generate new ATACs®. ATACs® are ADCs (Antibody Drug Conjugates) based on Heidelberg Pharma's ATAC® technology.
The license agreement was concluded following Takeda’s exercise of its option to exclusively license the worldwide development and commercialization rights for using the ATAC® technology with an antibody directed to a defined target and the resulting product candidates. Heidelberg Pharma receives an undisclosed milestone payment in return and is eligible to receive potential future clinical development, regulatory and sales-related milestone payments.