Selecta Biosciences and Sanofi sign global collaboration
Selecta Biosciences Inc., a Watertown biopharmaceutical company specializing in synthetic vaccines and immunotherapies, said Wednesday that it has entered into a strategic global collaboration with Sanofi SA, the French drug maker that recently bought Cambridge-based Genzyme.
The collaboration between Selecta and Sanofi seeks to discover highly targeted immunotherapies for life-threatening allergies.
“Under the terms of the agreement Selecta is eligible to receive several pre-clinical, clinical, regulatory, and sales milestones totaling $300 million per allergen indication for up to three immunotherapy candidates contemplated by this collaboration,” the companies said in a press release. “Selecta is also entitled to up to double digit tiered royalties as percentage of product net sales for each commercialized immunotherapy.”