AbbVie Charges Ahead into New Frontiers with $12.4 Billion Investment
Phase 3License out/inADCPhase 1Phase 2
Recently, Ming Jie Bio officially announced that it has formally licensed the global rights of the TL1A antibody FG-M701 to AbbVie. According to the terms of this transaction, AbbVie will pay Ming Jie Bio an upfront payment of $150 million and near-term milestone payments, with potential milestone payments of up to $1.56 billion. In addition, AbbVie will also enjoy a double-digit percentage share of the future sales revenue of the drug. This transaction means that AbbVie has successfully acquired the global rights to a preclinical candidate drug with a total investment of approximately 12.4 billion Chinese yuan.
So, what unique features of the TL1A target have attracted such a substantial investment from AbbVie? It is understood that TL1A, as a key biological factor, plays an important role in regulating mucosal immunity and fibrosis processes, and its expression level is significantly elevated in patients with inflammatory bowel disease (IBD). Currently, in the field of TL1A-targeted drug development, Roche's RVT-3101 is the fastest progressing, having successfully entered the Phase III clinical trial stage.
Industry experts analyze that TL1A-targeted drugs have tremendous market potential in the treatment of IBD, which is an important reason why AbbVie is eager to strategically position itself in this field. Through this transaction, AbbVie has not only successfully obtained a highly promising preclinical new drug, but has also further expanded its business scope in the field of colitis treatment, undoubtedly adding another significant chapter to its layout in the tumor necrosis factor target family.
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