BRIEF-Abbvie And Remegen Announce Exclusive Licensing Agreement To Develop A Novel Bispecific Antibody For Advanced Solid Tumors

Reuters01-12
BRIEF-Abbvie And Remegen Announce Exclusive Licensing Agreement To Develop A Novel Bispecific Antibody For Advanced Solid Tumors

Jan 12 (Reuters) - RemeGen Co Ltd 688331.SS:

  • ABBVIE AND REMEGEN ANNOUNCE EXCLUSIVE LICENSING AGREEMENT TO DEVELOP A NOVEL BISPECIFIC ANTIBODY FOR ADVANCED SOLID TUMORS

  • ABBVIE: REMEGEN ELIGIBLE TO RECEIVE UP TO USD $4.95 BILLION IN AGGREGATE DEVELOPMENT, REGULATORY, AND COMMERCIAL MILESTONE PAYMENTS

  • ABBVIE: REMEGEN WILL RECEIVE AN UPFRONT PAYMENT OF UPTO $650 MILLION

  • ABBVIE: WILL RECEIVE EXCLUSIVE RIGHTS TO DEVELOP, MANUFACTURE, AND COMMERCIALIZE RC148 OUTSIDE OF GREATER CHINA TERRITORY

  • ABBVIE: REMEGEN WILL RECEIVE AN UPFRONT PAYMENT OF USD $650 MILLION

Source text: ID:nPn49sX0la

Further company coverage: 688331.SS

((Reuters.Briefs@thomsonreuters.com;))

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