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Micromet Reports Fourth Quarter and Full Year 2009 Financial Results
Date:3/4/2010

Fourth Quarter Corporate Highlights:

  • Signed a global collaboration agreement with sanofi-aventis for a new BiTE antibody - In October, the Company announced that it had entered into a global collaboration and license agreement with sanofi-aventis to develop a new solid tumor BiTE antibody against an undisclosed target.  Under the terms of the agreement, the Company has received an upfront payment of euro 8 million, and is eligible to receive additional payments of up to euro 312 million based on the successful achievement of future regulatory and sales milestones as well as up to a low double-digit royalty on worldwide product sales.  

  • Re-gained control of global commercial rights to blinatumomab - In November, the Company announced that it had acquired MedImmune's remaining North American commercial rights related to blinatumomab and had terminated the collaboration agreement signed in 2003.


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