[April 14, 2015]

Mintz Levin Represents ImmunoGen, Inc. in $200 Million Transaction

Attorneys from Mintz, Levin,Cohn, Ferris,Glovsky and Popeo, P.C. represented ImmunoGen, Inc. in a $200 million non-dilutive royalty transaction with funds managed by TPG Special Situations Partners (TSSP).

In return for the payment to ImmunoGen, TSSP will have the right to receive 100% of the royalty revenue on Kadcyla commercial sales that would otherwise be paid by Roche to ImmunoGen until TSSP has received a total of either $235 millio or $260 million, depending on timing. After this threshold is met, if ever, ImmunoGen will receive 85% of the Kadcyla royalty revenue and TSSP will receive 15% of the Kadcyla royalty revenue until this revenue stream ends.

Leading the transaction on behalf of ImmunoGen was Richard Gervase, a Member of Mintz Levin's (News - Alert) Intellectual Property Practice. Other Mintz Levin attorneys included Daniel Kajunski, a Member of the firm's Corporate Practice, Paul Ricotta, a Member of the Bankruptcy Practice and Jonathan Talansky, a Member of the firm's Tax Practice. In addition, Daniel Bagliebter, Jennifer Dereka and Kanasha Herbert assisted in the transaction.

ImmunoGen, Inc. is a biotechnology company that develops targeted anticancer therapeutics using its antibody-drug conjugate (ADC (News - Alert)) technology. The company utilizes its ADC technology with its antibodies to create ImmunoGen product candidates and also out-licenses limited rights to use its technology to other companies.

For more information about Mintz Levin, please visit www.mintz.com.

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