Pharma BD Deal Intelligence

Roche Holding AG / Dualitas Therapeutics, Inc.

2026 · Licensing/Option · $1.0B · Complete

Dualitas Therapeutics entered a research collaboration and license agreement with Roche to discover and develop novel bispecific antibodies for immunology and inflammation (I&I) diseases using Dualitas' DualScreen Bispecific Discovery Engine. Dualitas will functionally screen more than 300,000 novel bispecific combinations; Roche assumes downstream preclinical development, CMC, regulatory and commercialization responsibilities. Dualitas receives $36.5M upfront and is eligible for research, development and commercial milestones plus tiered royalties for a potential total deal value of up to $1 billion.

This deal is too recent to grade. Critic Score and Outcome Score are assigned after the announcement-week coverage settles and, for Outcome, after the 5-year post-close assessment window opens — expected 2031 at the earliest for this deal, once/if it closes.

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