Viela Bio Enters Strategic Colla€®↑$boration with Mitsubishi€&♥♠ Tanabe Pharma to Develop and Commercialize In<₩<∑ebilizumab for Autoimmune Diseases in Japan and O'♠♦ther Asia Regions
THURSDAY, OCTOBER 10, 2019<÷πViela Bio, Inc. and Mitsubishi Tanabe Pharm≥Ωλa Corporation (“MTPC”) today announced a c₽σ™✘ollaboration focused on the ↕≥development and commercΩ™ialization of inebilizumab – Viela’s hu ∑✔manized anti-CD19 monoclonδ≈✔al antibody – in nine ↕☆Asia regions for neuromyelitis opticα₩a spectrum disorder ∞(NMOSD), as well as other potential fu✔↑λβture indications.“This partne™₩rship adds to our ability™•β to commercialize inebilizumab globally, ↓$♥subject to regulatory approvalγφ ,” commented Bing Yao, Ph.D., ←φα™Viela’s Executive Chairman and Chief Exe®&÷↕cutive Officer. “As a well-δ× established pharmaceutical company in Japa™¥π₹n, Mitsubishi Tanabe has stronγ₹Ω$g product development and &>commercialization capabilities i>α÷n Asia, and we believe, is an id≠≤eal partner for expa<nding inebilizumab’s potential r∞≥each to thousands of ad"βΩ∑ditional patients in need ofφ♥ viable treatments, with NMOSD as an initi≤✘♠×al indication.”Under terms of the colla&αδγboration, Viela will receive a↑φεn up-front licensing fee o♥$f $30 million as well asε© additional payments conting€∑Ωδent on certain development and co×≤↑mmercial milestones, plus payments based, in part σ, on sales revenue. MTPC will b Ωλe responsible for leading devel↓'<opment and commercialization of inebilizuma¶Ωb in Japan, Thailand, South Korea, Indo∞δπnesia, Vietnam, Malaysia, Philippines, € §Singapore, and Taiwan.“Our organization is delig®✘hted to partner with Viela to develop and commeφ↑rcialize their promi←αsing product candidate inebilizumab for autoimm♦αΩune and inflammatory diseases≥',” said Masayuki Mitsuka, MTPC Presidentελ & Representative Director. “Inebilizumab i €s an exciting product candidate that,>£ based on the results ≠∞γfrom the N-MOmentum pi§'votal study, is well-positioned to provide mea♠↔ningful benefit for pat©λ•'ients with NMOSD, and potentially additio&nal diseases, subject to regul&★atory approval. We are excited to work±♣ with Viela to advance inebilizumab Ω≥≈in Japan and other Asia regions,∑• and look forward to a product←₽≈φive partnership between ou≠ λ§r companies.”The U.S. Food and Drug Administratio&↑÷n (FDA) recently accepted for review Viela’s Bioγ¶∏logics License Application (BLA) for inebiliz☆α←umab for the treatment of NMOSD. inform ↔≠ation source:pharma focus AsiaThe¥§↔← original link:https:https://www.pharmafocusaε☆sia.com/news/viela-bio-↑πenters-strategic-collaboration-with-mφ★<≠itsubishi-tanabe-pharma-to-develop-and-commer<ε©♣cialize-inebilizumab-for-autoimmun ₽± e-diseases-in-japan-and-other-asia-r≥'egions2019 Asia-pacific pharm♣✔© a IP Leader Summit: http://en.zenseegroup.com/p/5÷ε10934/will be held i™☆n Beijing on November 14-15, → and will attract more than 500 industry ex∏>β™perts from domestic a£≈nd foreign pharmaceutical companies, biotechno¥≈logy companies, governments, a♠¶₹↔ssociations, law firms, intellectual property€♠£ agents and other companies to attend.O±εfficial registration↕δ and consultation channels:Contact:AnnPho γ>•ne: 021-65650305Email:Marketing@zensee∏ ↔Ωgroup.comhttp://en.zenseegroup.com/p/5&α>10934/