Seattle Genetics just scored a potentially big licensing deal with Big Pharma. The Bothell biotech company announced a collaboration agreement with GlaxoSmithKline that will give Glaxo rights to use its antibody-drug conjugate technology.

OncoGenex Pharmaceuticals Inc signed a licensing agreement with Israel's Teva Pharmaceutical Industries Ltd for its cancer therapy for an upfront payment of $60 million, but OncoGenex shares got hammered as investors expected a better deal.

After East Europe and Mexico, Daiichi Sankyo, which bought out Ranbaxy Labs Ltd last year, is all set to leverage the latter’s marketing and distribution strength in six countries of Africa. This is the third instance in the last four months where Ranbaxy is helping Daiichi create a presence and consolidate its position in new emerging markets.

DR REDDY’S Laboratories plans to buy brands in Russia and introduce new products in India as it plans to scale up businesses in key emerging markets, a top company executive said.