Why Agenus and Incyte Are Both Winners Amending Their Original Agreement

Incyte (INCY) and Agenus (AGEN) announced an amendment of the License, Development and Commercialization Agreement that was originally agreed upon by the two firms on January 9, 2015. The amended converts the ongoing antibodies targeting GITR and OX40 programs from co-funded development and profit-sharing arrangements to royalty-bearing programs.

In the 2015 agreement, both firms decided to work together on the INCAGN1876 (anti-GITR agonist) and INCAGN1949 (anti-OX40 agonist). Following the amended agreement, Incyte became the sole responsible for funding and conducting global development and commercialization.

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