Roche and Bicycle Therapeutics Forge $1.7B Cancer Immunotherapy Alliance
• Roche's Genentech unit partners with Bicycle Therapeutics in a $1.7 billion deal to leverage innovative bicyclic peptide platform for cancer immunotherapy development, with a $30 million upfront payment.
• Bicycle's proprietary technology combines antibody-like targeting with small-molecule drug properties, offering unique advantages in manufacturing, dosing, and tissue penetration for cancer treatment.
• The collaboration focuses on discovering novel cancer immunotherapy targets, with Bicycle handling early development and Roche taking over clinical-stage programs.