In addition to providing resources required for implementation of the alliance, Takeda will make a technology access payment to Noile-Immune Biotech, as well as an equity investment.
Takeda will receive an exclusive option to obtain licensing rights for the development and commercialisation of Noile-Immune's pipeline and products resulting from this partnership.
Chris Arendt, head of the oncology drug discovery unit for Takeda, said: "This collaboration is another example of our commitment to invest in highly innovative technologies and to work with top external scientific and clinical teams as we seek to deliver therapies that address the needs of patients with cancer."
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