Viela Bio Enters Strategic Colla π'≥boration with Mitsubishi Tanabe Pharma to D↕ evelop and Commercialize Inebil₹¥•izumab for Autoimmune Dis£γeases in Japan and Other Asia Regions
THURSDAY, OCTOBER 10, 20"→£←19Viela Bio, Inc. and Mitsubishi Tanabe Pharma ←™¥Corporation (“MTPC”) today announcγ₩>®ed a collaboration focus≥Ω♠₩ed on the development and commerci±∏alization of inebilizumab←ε∏ – Viela’s humanized anti-CD19 monoclona•l antibody – in nine Asiα♠a regions for neuromyelitis optica spectrum d'™isorder (NMOSD), as well as other potential fuγ↑♣§ture indications.“This∑ ✔ partnership adds to our abili≠♠&ty to commercialize inebilizumab globally,&£δπ subject to regulatory approval,” commented ✔☆Bing Yao, Ph.D., Viela’s Executiv↕↔✔e Chairman and Chief Executive Officeα♠r. “As a well-established ≤φpharmaceutical compa™"πny in Japan, Mitsubishi Tanabe has stε♠© rong product developm§'★¶ent and commercialization capabilities in ¶≠Asia, and we believe, is an ideal partner €©for expanding inebilizumab’s potential reach to t "housands of additional patients in n≈≤γ¥eed of viable treatments, with NMOSD as ₽ an initial indication.”Under terms of th∏÷π≈e collaboration, Viela will receiλλve an up-front licensing fee of $3¥£♠0 million as well as additional payments contingα∏÷≤ent on certain development and commercial mile≈∑ stones, plus payments based, in γ$♥part, on sales revenue. MTPC will be responsibleφ♠β≥ for leading development and commerci©×alization of inebiliz§¶÷₩umab in Japan, Thailand, South Korea, Indoββγ§nesia, Vietnam, Mala♥ ysia, Philippines, Singapore₽∏, and Taiwan.“Our org&₩anization is delighted to partner wi& th Viela to develop and£' commercialize their promising producε₽'t candidate inebilizumab for autoimmune and infl×>ammatory diseases,” said Masayuki Mits ↔uka, MTPC President & Representative Dirδ$≈ector. “Inebilizumab is an exciting prod ★βγuct candidate that, based on the resul₩∞ts from the N-MOmentum pivotal stud↕₹'y, is well-positioned to provide φ meaningful benefit for §<patients with NMOSD, and potentially ✘↑© additional diseases, subject to π≤↕ regulatory approval. We are exc>↔÷ited to work with Viela to advance inebilizumab✘≥&∑ in Japan and other Asia regions, and look f££∞orward to a productive partnershi₩∏p between our companies.”The U.S. Food an€♥d Drug Administration (FDA) recently₹©← accepted for review Viela’s Biologics Lice↕✔nse Application (BLA) ¶¶γ for inebilizumab for the≈∞ treatment of NMOSD. γ;information source:pharma focus AsiaThe o↕®©riginal link:https:https://www.pha 'rmafocusasia.com/news/v≥↑π☆iela-bio-enters-strategic-™βcollaboration-with-mitsubishi-ta£ nabe-pharma-to-develop-and-commeαλλrcialize-inebilizumab-for®∑•-autoimmune-diseases-in"←-japan-and-other-asia-regions20α'>&19 Asia-pacific pharma IP Leader Summit×∑¥: http://en.zenseegroup.com/p/510934/will b∑♥e held in Beijing &n•$★bsp;on November 14-15, and will att×÷ract more than 500 industry ₽"→experts from domestic and foreign pharmaceut€≥ical companies, biotechnology α$ companies, governments, associ✘<§ations, law firms, intellectual p♥✔™ roperty agents and other companies to aλ§☆₹ttend.Official registration and cλ®onsultation channels:Contact:AnnPhone: 02÷φ1-65650305Email:Marketing@zenseegroup.comh÷↕ttp://en.zenseegroup.com/p↑ ☆/510934/