By Colin Kellaher

 

Amgen on Tuesday said it has signed onto a multi-year collaboration with clinical-stage biopharmaceutical company TScan Therapeutics targeting the chronic inflammatory bowel disorder Crohn's disease.

Amgen said it would make a $30 million upfront payment to Waltham, Mass.-based TScan, which is also eligible for more than $500 million in milestone payments, along with royalties on product sales.

Amgen, a Thousand Oaks, Calif., biotechnology company, said it would use TScan's TargetScan discovery platform to identify the antigens recognized by T cells in patients with Crohn's disease.

Amgen said it plans to evaluate a variety of modalities to create therapeutics based on targets discovered by TScan, adding that it would retain all global development and commercial rights.

Amgen said it also has an option to expand the collaboration to the chronic inflammatory bowel disease ulcerative colitis.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

May 09, 2023 09:33 ET (13:33 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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