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MorphoSys licenses HuCal Gold technology to Schering-Plough
New York, May 17 - MorphoSys AG said it signed a two-year license agreement for Schering-Plough Corp. to use its HuCal Gold technology in the research and development of human therapeutic antibodies.
Under the agreement, Schering-Plough will be able to use MorphoSys' proprietary antibody library in its drug discovery programs at its research site at Palo Alto, Calif.
Schering-Plough will have the option to develop HuCal-derived therapeutic antibodies against up to 10 disease-related targets.
MorphoSys will receive an upfront payment, annual fees and optional research and development funding.
For therapeutic antibody projects undertaken by Schering-Plough, MorphoSys is eligible to receive license and milestone payments.
Further financial details were not disclosed.
Schering-Plough has an option to extend for three years.
Based in Munich, MorphoSys develops synthetic antibodies used to accelerate drug discovery and target characterization.
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