Amgen, Kite Pharma ink deal to develop cancer immunotherapies

(Reuters) – Amgen Inc and Kite Pharma Inc said they entered into a deal to develop and market cancer immunotherapies using Amgen’s cancer targets and Kite’s technology platform. Amgen will pay Kite Pharma $60 million upfront and fund research costs through the filing of a new drug application. After that each company will conduct and fund trials for their therapeutic candidates, they said in a joint statement. …
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