Viela Bio Enters Strategic Collabor♠®ation with Mitsubishi Tanabeα≤ Pharma to Develop and Commercialize In ✘ebilizumab for Autoi≈←γ mmune Diseases in Japan anπ$d Other Asia Regions
THURSDAY, OCTOBER 10, 2019Viela Bβ£io, Inc. and Mitsubishi Tanab↑>®"e Pharma Corporation (“MTPC≥≥★”) today announced a collaboration focused on the☆¥≤♣ development and commercialization $₹of inebilizumab – Viela’s humanized anti-CD19 mon←γ£₩oclonal antibody – in nine Asia regions σ for neuromyelitis optica spectrum disord ÷<er (NMOSD), as well as oφεther potential future indications"σ ₽.“This partnership adds toπΩ♠ our ability to commercialize inebilizumab globa♦€♥lly, subject to regulδ↔atory approval,” commented Bing Yao, βα$Ph.D., Viela’s Executive Chairman✘≈λ₽ and Chief Executive Officer★&π. “As a well-established pharmaceutical com♠• pany in Japan, Mitsubishi Tanabe has strong ✔ product development and commer≠♥Ω€cialization capabilities ↑γin Asia, and we believe, is an♠♣ ideal partner for expanding inebil$'≥izumab’s potential reach to thousands of'€• additional patients in need of viable treat≠£&πments, with NMOSD as an initial indication.”U>©σnder terms of the collaboration♠'®, Viela will receive an up-fro÷nt licensing fee of $30 million as well♥↕↑ as additional payments contingent €∏₩on certain development and c$α<ommercial milestones, plus paymentsσ↑☆÷ based, in part, on sales revenue. MTPC ✔↕•λwill be responsible for ∑≤πleading development a↑σπnd commercialization of inebilizumab in J×≤✔apan, Thailand, South Korea, Indonesia,'π★ Vietnam, Malaysia, Philippines, Sin≥↑¥gapore, and Taiwan.“Our organization is delighted↔®&÷ to partner with Viela to develop and com✘&mercialize their promising product candidate i≤→'nebilizumab for autoimmune and inflammatory★©§÷ diseases,” said Masayuki Mitsuka, MTPC Presiden "₽©t & Representative Director. “Inebilizumab is★¶ an exciting product candidate that, based on theαα results from the N-MOmentum pivotal stuβλdy, is well-positioned to provide meaningf↑Ωul benefit for patients with NMOSD, and potδ÷entially additional diseases, subject to Ω≈regulatory approval. We are excit✔>§ed to work with Viela to advance ∏£inebilizumab in Japan and other Asia regi♦φ✘ons, and look forward to a productive partne₩•♥®rship between our companies.”The U.S. Food a $♣nd Drug Administration (FDA) rece↔→©ntly accepted for rev≥ασiew Viela’s Biologics License Applicati§↔ on (BLA) for inebilizumab for the treatment of ↓ NMOSD. informa<♠∑$tion source:pharma focus AsiaThe original l₩→©↓ink:https:https://www.pharmafocusasia.com♥$/news/viela-bio-enters-strategic-collaboration-×✘♠•with-mitsubishi-tanabe-pharma-♦ ✔to-develop-and-comme✘☆rcialize-inebilizumab-for-auto↔☆∏αimmune-diseases-in-japan-and-other-asia-r♣™egions2019 Asia-pacific ☆←pharma IP Leader Summit: ¥•£http://en.zenseegroup.co£αΩm/p/510934/will be held in Bei♣$×jing on November 14-15, and wil≈αδl attract more than 500 industry experts₩ from domestic and foreign pharmaceuti↕≈cal companies, biotechnology companies, go★±♦πvernments, associations, law Ω♣←firms, intellectual property agents and oth→♣'"er companies to attend.Officγ≈ ←ial registration and consultation channels:Ω≈Contact:AnnPhone: 021-65650305Email:Marketingεδ@zenseegroup.comhttp:/'←☆/en.zenseegroup.com/p/510934/