iStock_3186804XSmall-antibodies-cancer

Invenra Partners with Exelixis to Develop New Antibody Cancer Drugs

Invenra, a URP tenant / biotech startup that develops therapeutic antibodies for pharma companies, is joining forces with a Bay Area company to discover and develop new treatments for cancer.

Under the agreement, Exelixis will pay Invenra $2 million upfront, plus an additional $2 million at the outset of each new discovery project, the company said. Exelixis will receive an exclusive global license to one preclinical asset, Invenra said.

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