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Celera Genomics Licenses Cancer Targets from Proteomics Effort to Genentech

Sep 28, 2004

NEW YORK, Sept. 28 (GenomeWeb News) - Celera Genomics and Genentech have signed a multi-year agreement to develop new cancer drugs based on targets derived from Celera's proteomics platform, Celera said today.

 

Celera will license to Genentech a number of cell-surface targets that it discovered and validated using its proteomics platform. Genentech plans to validate these further and develop drugs against them. These drugs could be antibodies, antibody fragments, proteins, or small molecule drugs.

 

Celera Genomics will receive progess-dependent milestone payments and royalties on sales of any drugs developed. Celera Diagnostics retains the rights to develop certain diagnostics based on the targets.

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