NEW YORK (GenomeWeb News) – MitoSciences has agreed to an exclusive license for monoclonal antibodies from the University of Oregon for use in its cell-based drug toxicity screening tests and multiplexing assays, the Eugene, Ore.-based company said today.
The University will receive royalties from patent-related sales and $4.6 million in fixed quarterly cash payments over 10 years.
The agreement also gives MitoSciences exclusive commercialization rights for a portfolio of “biological assets,” and an exclusive license for several patents covering the use of monoclonal antibodies that recognize mitochondrial antigens, the company said.