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AbbVie pays $2.9B to outdo rivals
Posted 15 July 2025 AM
AbbVie has put $2.9 billion on the table for the next step in multiple myeloma treatment, a first-in-class tri-specific asset in Phase 1 trials, that could outdo rivals Pfizer and Johnson & Johnson in the same space.
The licensing deal with IGI Therapeutics, a wholly owned subsidiary of NASDAQ-listed Indian company Ichnos Glenmark Innovation, gives AbbVie exclusive rights to develop, manufacture, and commercialise IGI's lead investigational asset, ISB 2001, across North America, Europe, Japan, and Greater China.
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Posted 15 July 2025 AM
AbbVie has put $2.9 billion on the table for the next step in multiple myeloma treatment, a first-in-class tri-specific asset in Phase 1 trials, that could outdo rivals Pfizer and Johnson & Johnson in the same space.
The licensing deal with IGI Therapeutics, a wholly owned subsidiary of NASDAQ-listed Indian company Ichnos Glenmark Innovation, gives AbbVie exclusive rights to develop, manufacture, and commercialise IGI's lead investigational asset, ISB 2001, across North America, Europe, Japan, and Greater China.
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