Viela Bio Enters Strategi↓↓£Ωc Collaboration with Mitsubishi Tanabe Pharma™$ to Develop and Commercialize Inebilizumab foλ¶r Autoimmune Diseases in Japan and Other As'≥♣ ia Regions
THURSDAY, OCTOBER 10, 2019Viela ★®☆Bio, Inc. and Mitsubishi Tan÷"abe Pharma Corporation (“MTPC”) today announ δ≤ced a collaboration focused on the develoλ♠pment and commercialization of in™α"ebilizumab – Viela’s humanized anti-CD19®×± monoclonal antibody – in nine Asia regions'×≠ for neuromyelitis optica spectrum disordeγ≥r (NMOSD), as well as other potenΩγ'tial future indications.“This part♣>nership adds to our ability to commerci§alize inebilizumab globally,λ♣ subject to regulatory approΩ×₹•val,” commented Bing Yao, Ph.D., Vie la’s Executive Chairman and Chief Exδ₽σecutive Officer. “As a well£←★"-established pharmaceuticaα≈÷£l company in Japan, Mitsubis¥>↔hi Tanabe has strong product develo∞✘©pment and commercialiαπzation capabilities in Asia, ε✔↓and we believe, is an ideal p×↔artner for expanding ineb ∞ilizumab’s potential✘α β reach to thousands of additional patients≤'β in need of viable treatments, with NMOSD as a•ε♣$n initial indication.”Unde★™r terms of the collaboration, Viel←α♥≈a will receive an up-front licensing fee of $3≠≠ 0 million as well as¥¶α© additional payments contingent on certain develo÷•pment and commercial mil←λestones, plus payments based, i↕β✘φn part, on sales revenue. MTPC will be responsibl★ ¶e for leading developmeδ♠nt and commercialization >✔ of inebilizumab in Ja← pan, Thailand, South Korea♠¥↔, Indonesia, Vietnam, Malaysia, Philippines, Sing∏↓ ↓apore, and Taiwan.“Our organization i £♣s delighted to partner ∏←with Viela to develop and ≤>∞πcommercialize their promising produc$<©×t candidate inebilizumab for autoimmune ε ♣and inflammatory diseases,” said Masayuki Mits®∑•uka, MTPC President & Representati≠♦∏λve Director. “Inebilizumab is an exβ←citing product candidate that, based on ♦±☆the results from the N-MOmentum pivotal study, Ω×<is well-positioned to provide meaningfu ☆l benefit for patien§♦ ts with NMOSD, and potentially addi>"•tional diseases, subject to regulatory appr∞ δoval. We are excited to work wi≈th Viela to advance inebilizumab in Japan a↑€nd other Asia regions, and l©↑ook forward to a productive partnership★♣→ between our companies.”The ∑U.S. Food and Drug Administrat≤©ion (FDA) recently accept☆§ed for review Viela’s Biologic↑αs License Application (BLA) for inebil€→izumab for the treatment of NMOS₩¶✔☆D. information&nbsσ≈¶ p;source:pharma focus As≠↓iaThe original link:https:https:/'λ/www.pharmafocusasia.com/news/vi≤α'ela-bio-enters-strategiΩ♦♣☆c-collaboration-with-mitsubishi-tanabe-pharma&Ω -to-develop-and-commercia≈ lize-inebilizumab-for-autoimmune₹"-diseases-in-japan-and-other-asia-regions20&'19 Asia-pacific pharma IP Leader Summit: h ←♦∞ttp://en.zenseegroup.com/p€↕'γ/510934/will be held in&nb✘Ωsp;Beijing on Novembe∏™r 14-15, and will attract more t≠han 500 industry experts from domest₹ ÷ic and foreign pharmaceutical companies, biotec™↓hnology companies, goveβ€Ω'rnments, associations, law firms, intellectu✔≠al property agents an♦¶€≥d other companies to attend.Offici×✔↓al registration and consultation c♠"™hannels:Contact:AnnPhone↓✔: 021-65650305Email:Marketing@zenseegroup.→∞comhttp://en.zenseegrou§×≈p.com/p/510934/