Adaptive Biotechnologies signs non-exclusive deals with Pfizer worth up to $890 million

Adaptive Biotechnologies +0.59%
Pfizer Inc. -1.61%

Adaptive Biotechnologies

ADPT

13.58

+0.59%

Pfizer Inc.

PFE

26.97

-1.61%

- Adaptive Biotechnologies ADPT.O said on Monday it has signed two non-exclusive deals with Pfizer PFE.N to support research in rheumatoid arthritis and other immune-related diseases.

Adaptive said it will earn up to $890 million, including upfront fees and milestone payments tied to research progress, product development and sales.


(Reporting by Padmanabhan Ananthan in Bengaluru; Editing by Krishna Chandra Eluri)

((Padmanabhan.Ananthan@thomsonreuters.com;))

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