Japanese pharmaceutical company Astellas Pharma last week said that its US subsidiary has acquired Agensys, a University of California-Los Angeles spinout, for $387 million up front plus a maximum of $150 million in potential future milestone payments.
UCLA and the University of California system, which hold an undisclosed equity stake in Agensys, will as a result receive a portion of the upfront payment and any future milestones, making it one of the most lucrative tech-transfer deals in the school’s history.

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