other material
confidence high
sentiment positive
materiality 0.75
CytomX and Regeneron expand collaboration; CytomX to receive $37M in target nomination payments
CytomX Therapeutics, Inc.
- Amendment No. 4 adds up to eight new collaboration programs; Regeneron nominates first two.
- CytomX receives $37M aggregate target nomination payments for the two nominated programs.
- Total potential milestones under expanded agreement are up to approximately $4 billion.
- Royalty rates on global net sales unchanged; program selection period extended.