Antibody Preclinical Licensing Benchmarks
Deal economics across 25 transactions with 17 disclosed upfront payments. Primary-source-verified from SEC EDGAR, FTC filings, and direct research.
Median Upfront
$89M
17 deals with terms
Median Total Value
$1.2B
Upfront + milestones
Royalty Range
6.4%--13.2%
Average low--high
Deal Count
25
2019--2026
The median upfront payment for preclinical antibody licensing deals is $89M, based on 17 deals with disclosed terms from 2019--2026. Total deal values (including milestones) reach a median of $1.2B. Royalty rates typically range from 6.4% to 13.2%. All data is primary-source-verified from SEC EDGAR, FTC pre-merger filings, and company press releases.
Representative Transactions
| Licensor | Licensee | Year | Upfront | Total Value |
|---|---|---|---|---|
| Nerio Therapeutics | Boehringer Ingelheim | 2024 | $1.3B | $1.3B |
| MiroBio | Gilead Sciences | 2023 | $400M | $400M |
| Vir Biotechnology | GSK | 2020 | $225M | $2.7B |
Showing 3 of 17 deals with disclosed terms. Full comp set available in the report.
Full antibody Preclinical Comp Set
Get the complete analysis -- 17 deals with upfronts, milestones, royalties, and term structures.
Primary-source-verified from SEC EDGAR, FTC filings, and direct research
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This analysis draws from the Ambrosia Ventures proprietary deal database (1,600+ verified biopharma transactions, 2019--2026). All deal terms are primary-source-verified from SEC EDGAR (10-K, 10-Q, 8-K filings), FTC pre-merger notifications, FDA Orange Book, and company press releases. No secondary-source or scraped data is included. Medians are calculated from deals with disclosed financial terms only.