Viela Bio Enters Strategic Collaboration with≥✔ Mitsubishi Tanabe Pharma t≥>>o Develop and Commercial©←↓<ize Inebilizumab for Autoiβ$mmune Diseases in Japan and Other As§<φ ia Regions
THURSDAY, OCTOBER 10, 2019Viela Bio, Inc.> • and Mitsubishi Tanabe Pharma Corporat♣∏ion (“MTPC”) today a✔>nnounced a collaboration focused oαδn the development and co•φ§↔mmercialization of inebilizumab – Viel₹Ωa’s humanized anti-CD19 monoclonβ α↓al antibody – in nine Asia regions®&Ω♥ for neuromyelitis optica spect↑'rum disorder (NMOSD)±↕Ω, as well as other pot✘♦<ential future indications.“This partnership addγ₽★s to our ability to commercialize inebilizu← Ωσmab globally, subject to regulatory∞↔ approval,” commented Bi★¶×©ng Yao, Ph.D., Viela’s Ex↔↑ecutive Chairman and Chief Executive Officer.&™↔€ “As a well-established pharm↑∑ ₹aceutical company in Japan, Mitsubish•↑≠×i Tanabe has strong produc× t development and comme™₹rcialization capabilities in Asia,∞♠γ≈ and we believe, is an"©γ≠ ideal partner for expanding inebil≤σ∏izumab’s potential reach to thousands of additionλ®♠al patients in need of viable treatments, with NM→δΩ≠OSD as an initial indicat∑φ♦ion.”Under terms of the coll∏¶ασaboration, Viela will receive an up-frontπ★ licensing fee of $30 &☆↔↓million as well as additional payments §β¥contingent on certain develoγγ$pment and commercial milestones, plus payments ba∏→±sed, in part, on sales revenue. MTPC≈ α♠ will be responsible for leading develop¶γ≠$ment and commercializ★←σ•ation of inebilizumab in Japan, Thailand, So♥±™uth Korea, Indonesia, Vietnam, Malaysiaφ, Philippines, Singapore, and Taφ"αiwan.“Our organization is∞<≤ delighted to partner with Viela to deveβ♥δ♥lop and commercialize their promising product can♣≈σφdidate inebilizumab for autoimmune and in÷δflammatory diseases,” ®δΩsaid Masayuki Mitsuka, MTP® ≤C President & Representatλ™∏£ive Director. “Inebilizumab is an exciting pro™ duct candidate that, ba ×¶sed on the results from the N-MOmentum pivoε&tal study, is well-positioned to prov↕∏♠ide meaningful benefit ±for patients with NMOSD, and potentiall≥→βy additional diseases, subj'φect to regulatory approval. We are excited to w♣→<ork with Viela to advance i≈ ↓nebilizumab in Japan and other Asia r¶↓egions, and look forwaΩ↑©rd to a productive partnership between our co∑♠mpanies.”The U.S. Food and Drug Admin↓↔≠istration (FDA) recently accepted for review π✔↕ Viela’s Biologics License Application (BLA) f→<↔or inebilizumab for the treat→εment of NMOSD. information source∑$✔≤:pharma focus AsiaThe< original link:https:https://www.pharmafocus≤£ asia.com/news/viela-bio-enters-¶↑strategic-collaboration-with-mitsubishi-tanab₩♠π≥e-pharma-to-develop-a♣ε∞₩nd-commercialize-inebilizumab-for-autoimmune★Ω-diseases-in-japan-and-other-♥π∑εasia-regions2019 Asia-pacific pharma IP ₩≈<Leader Summit: http://en.zeβ™♥nseegroup.com/p/510934/will be hel♥•₹'d in Beijing on November 14-∑"15, and will attract more than 50₽∞£×0 industry experts from domesπ tic and foreign pharmaceutical companies, bio'>♠≥technology companies, governmλ♦↔ents, associations, l₽€ aw firms, intellectual property agents and other♣β♦λ companies to attend ε♦♠.Official registration and consultation≤ ☆☆ channels:Contact:AnnPhoΩ☆ φne: 021-65650305Email:Marketing@zenseegrou ∏₹p.comhttp://en.zenseegroup.com/♦ p/510934/