TITLE

Abbvie Helps Ablynx 'Grow Up' With $840M Collaboration

AUTHOR(S)
Moran, Nuala
PUB. DATE
September 2013
SOURCE
BioWorld International;9/25/2013, Vol. 18 Issue 39, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on a licensing agreement signed between pharmaceutical companies Ablynx NV and Abbvie Inc. in 2013. The 840-million-dollar agreement focuses on developing Ablynx's ALX-0061 nanobody targeting the cytokine interleukin-6 receptor (IL-6R) for the treatment of rheumatoid arthritis and systemic lupus erythematosus. Chief executive officer (CEO) Ed Moses stated that Abbvie is the ideal pharmaceutical partner for his company because of its significant experience in rheumatology.
ACCESSION #
90488696

 

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