Halozyme Therapeutics Inc (HALO)

[Minninv]

Alteogen signed a contract with AstraZeneca when did this happen and what were the terms

ChatGPT said:
As of my current knowledge, there is no publicly available information indicating that Alteogen has signed a direct contract with AstraZeneca. However, in November 2024, Alteogen entered into an exclusive license agreement with Daiichi Sankyo to develop and commercialize a subcutaneous (SC) version of Enhertu (fam-trastuzumab deruxtecan-nxki), an antibody-drug conjugate (ADC) jointly developed and commercialized by Daiichi Sankyo and AstraZeneca.
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Under the terms of this agreement, Daiichi Sankyo acquired worldwide rights to use Alteogen's proprietary hyaluronidase enzyme, ALT-B4, to develop the SC formulation of Enhertu. Alteogen received an upfront payment of $20 million and is eligible for up to $280 million in additional payments upon achieving specified development, regulatory, and sales milestones. Additionally, Alteogen is entitled to receive tiered royalties on the sales of the commercialized product.
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This collaboration aims to provide a new administration route for Enhertu, potentially allowing patients to receive the treatment outside of clinical settings, thereby enhancing convenience and accessibility.