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Friday, 07/21/2017 10:53:36 AM

Friday, July 21, 2017 10:53:36 AM

Post# of 27643
Saw this posted on yahoo board for mymx :

Sanofi on deal tear.......protein sciences acquisition last week....just signed 2.8 billion collaboration with ablynx for nanobody development. See on biospace dot comThis morning, Ablynx announced the lucrative deal focused on nanobody-based therapeutics. But the deal will have to progress quite far before Ablynx sees the bulk of those funds. Under terms of the deal, the Belgium-based company will receive an upfront payment of #$%$23 million (about $26.5 million) for licensing fees. Additionally Ablynx will receive #$%$8 million, about $9.25 million, for research funding. The bulk of the $2.8 billion Ablynx could be eligible to receive will depend upon Sanofi?s efforts to develop and commercialize the nanobodies for the treatment of various immune-mediated inflammatory diseases.maybe mymx on list for bigger deal...? we hope


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