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ImmunoCellular in research and license option deal with Roche

</head> <body> <p>(Reuters) - ImmunoCellular Therapeutics Ltd signed a research and license option deal with Roche Holding AG, granting Roche rights to investigate the potential of its ICT-69 antibody in the diagnosis and treatment of multiple myeloma and ovarian cancer.</p> <p>ImmunoCellular will get an unspecified upfront payment and upon completion of the evaluation period, Roche has the right to acquire a commercial license for ICT-69 for an option exercise payment, the biotechnology company said in a statement.</p> <p>ImmunoCellular said it could receive up to $32 million in total payments from Roche if all developmental milestones are met.</p> <p>Royalties will also be payable to ImmunoCellular based on Roche's worldwide sales of ICT-69 products, the statement said.</p> <p>(Reporting by Shailesh Kuber in Bangalore; Editing by Aradhana Aravindan)</p> </body> </html> </div><!-- end article-body --> </div><!-- end aticle-body-wrapper --> <aside> <ul class="social-share-btns 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