Viela Bio Enters Str£"ategic Collaboration with Ω∏Mitsubishi Tanabe Pharma ♦∞ ₽to Develop and Commercialize Inebilizu" 'mab for Autoimmune Diseases in Ja≤σ<pan and Other Asia Regions
THURSDAY, OCTOBER 10, 2019Viela •≠ Bio, Inc. and Mitsubishi Tanabe↑β← Pharma Corporation (“MTPC”) today announced a c&∏λ¶ollaboration focused on the development and$±¥♥ commercialization o✔←γf inebilizumab – Viela’s hum÷λanized anti-CD19 monoclonal antibody£ – in nine Asia regions for neuromyelitis optic₽↕a spectrum disorder (NMOSD), as well as≈σ↓Ω other potential futuεre indications.“This partnership adds to ∏≤₩our ability to commercialize i$✘↕"nebilizumab globally, subject tπ₽o regulatory approval,” commented Bing ✔≤Yao, Ph.D., Viela’s Executive C&λhairman and Chief Executive Offi ε&cer. “As a well-established pharmace♦♠utical company in Japan, Mitsubishi Tana<÷be has strong product development and commerc∞φ©λialization capabilities in Asia, and w≤ <e believe, is an ideal par₩$tner for expanding inebilizumab’₹∑≤λs potential reach to t¶>$€housands of additional patients in ne×∑ed of viable treatments, with NMOSD as an σ₽ initial indication.”Under te¥₩ rms of the collaboration, Viela will receive an¶≥ up-front licensing fee of $30 million as wπ∑ell as additional paymen≥≤ts contingent on certain development and♣₹πλ commercial milestones, plus paym≠'ents based, in part, on sales revenue. φ<MTPC will be responsible for leading ©©© development and commerc ↕&ialization of inebilizumab in Japan•ε≤, Thailand, South Korea, Ind•✘onesia, Vietnam, Malaysia, Philippi÷♣nes, Singapore, and Taiwan.“Our organization i✘¥γs delighted to partner with Viela to developφαε and commercialize their promising p≠' $roduct candidate inebilizumab f∞or autoimmune and inflammatory diseases,” said Masayuki Mitπ₩§♠suka, MTPC President & Represen±§ tative Director. “Inebilizumab is an εφexciting product candidate tha¶πt, based on the results from the N-MOmentuΩ< m pivotal study, is w≈₽≤•ell-positioned to provide meaningful →'benefit for patients with NMOSD, and poten ↕tially additional diseases, subject to reg>≈ulatory approval. We are excit↑♥→ed to work with Viela to ≠advance inebilizumab in Japan and o₽♠∏ther Asia regions, and look foשrward to a productive partnership between our com∑→panies.”The U.S. Food and Drug ↕©€★Administration (FDA) recently acce≠∏pted for review Viela’s Biolog¥₽✔✘ics License Application &£(BLA) for inebilizumab ♣↔π±for the treatment of NMOSD. information$•" source:pharma focus A ☆siaThe original link:httpδ±>s:https://www.pharmafo cusasia.com/news/viela-bio-enters-strategic-coll∞♠↔aboration-with-mitsubishi-≤↕tanabe-pharma-to-develop-and-commercialize✘-inebilizumab-for-autoγ$immune-diseases-in-japan-and-other-★™asia-regions2019 Asia-pa♣♥÷cific pharma IP Leader Summit: http://en.z↔↑✘enseegroup.com/p/510934/will be held i ✔♦n Beijing on November₩< 14-15, and will attract more than 50∑≈★✘0 industry experts from domestic and foreign phar↕αmaceutical companies, biotechnology compan♣£®ies, governments, associations, law firms, ←♣ ≈intellectual property agents and othe>✔₽γr companies to attend.Official registrat'♦ion and consultation c'€hannels:Contact:AnnPhone: 021-65®>'650305Email:Marketing@zenseegroup.☆♥✘comhttp://en.zenseegroup.com/p•©'/510934/