Friday, September 1, 2017

MacroGenics (MGNX): termination of duvortuxizumab collaboration and license agreement with Janssen

** charts after announcement **

  

** charts before  announcement **


MacroGenics announces termination of duvortuxizumab collaboration and license agreement with Janssen (JNJ unit)
  • Co was notified by its partner, Janssen Biotech, that Janssen is terminating the collaboration and license agreement with MacroGenics relating to duvortuxizumab, a CD19 x CD3 DART molecule. Enrollment of the Phase 1 dose-escalation study of this molecule is being discontinued.
  • Janssen reaffirmed its commitment to MGD015, also known as JNJ-9383, a second DART molecule licensed from MacroGenics. MGD015 is a preclinical program that targets CD3 and a non-disclosed cancer antigen expressed in hematological malignancies and lung cancer. Janssen has indicated that it anticipates initiating a first-in-human study with this molecule in 2018. In the Phase 1 dose-escalation study of duvortuxizumab, multiple objective responses were observed in patients treated at various dosing levels tested. However, a number of patients experienced treatment-related neurotoxicity similar to that seen in patients treated with other CD19-targeted T-cell therapies. Given the recent advances in the highly competitive field for the treatment of B cell malignancies, the opportunity for development and commercialization has become less attractive.

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