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Sanofi cuts the cord on collaboration deal with KaloBios

  • Sanofi Pasteur (SNY +0.5%) (OTCQB:SNYNF) terminates its collaboration and licensing agreement with KaloBios Pharmaceuticals (KBIO -1%) for KB001-A. Sanofi had been developing the monoclonal antibody as a treatment for Pseudomonas aeruginosa ((Pa)) pneumonia prevention while KaloBios was developing it as a treatment for chronic Pa lung infections in cystic fibrosis patients.
  • Sanofi agreed to terminate in consideration of low single-digit royalties on KB001-A net sales, subject to a $40M cap.
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