MediLink Therapeutics Announces Strategic Collaboration, Worldwide License Agreement With BioNTech
Palo Alto – October 12, 2023 – Cooley advised MediLink Therapeutics, a clinical-stage biotech company focused on developing globally competitive conjugated drugs, on its strategic research collaboration and worldwide license agreement with BioNTech. The Cooley team advising MediLink was led by partner Lila Hope and associate Chen Chen, with valuable support from special counsel Jennifer Raab.
Under the terms of the agreement, MediLink will grant BioNTech exclusive global rights for the development, manufacturing and commercialization of one of MediLink’s antibody-drug conjugate candidate assets, excluding mainland China and the Hong Kong and Macau special administrative regions. In exchange, BioNTech will provide MediLink with an upfront payment of $70 million, and additional development, regulatory and commercial milestone payments potentially totaling more than $1 billion.
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