Viela Bio Enters Strε ategic Collaboration with Mitsubishi Tanabe Pβ∞÷Ωharma to Develop and Commercialize÷↑∑ Inebilizumab for Autoi♠¶mmune Diseases in Japan and Other Asia ↔♦Regions
THURSDAY, OCTOBER 10, 2019Viela Ω≈Bio, Inc. and Mitsubishi Tanabe Pharma Corporati¥¥on (“MTPC”) today announced a collaboration"®™→ focused on the development ★ ☆πand commercialization o<∑f inebilizumab – Viela’s humanized anti-C₩δ€D19 monoclonal antiboπ©≈±dy – in nine Asia regions for neuromyeli★™®®tis optica spectrum disorder§ σ> (NMOSD), as well as★' other potential future indications.♠¶•“This partnership adds to our ability to com ♠✘←mercialize inebilizu& &↑mab globally, subject to π&™regulatory approval,” commented Bing Yao, Phφ€✘€.D., Viela’s Executive Chairman and Chief Exec₹γ₽utive Officer. “As a well-established pharmaceut$¶€ical company in Japan, Mits>↔• ubishi Tanabe has strong product de>™velopment and commercialization capabilities in A₽φ±®sia, and we believe, i↔ €s an ideal partner for expanding inebilizumab←¥∑≤’s potential reach to thousands of additionalλ∑☆ patients in need of viable treatments, with ♠βNMOSD as an initial indication.”Under term♣← s of the collaboration, Viela will rδ€eceive an up-front lic≥$$✔ensing fee of $30 mi★&₽llion as well as additional payments contingent€→α on certain development and commercial ∑"♣milestones, plus paymenα£γ÷ts based, in part, on λ∞sales revenue. MTPC will ←be responsible for leading development and commer★∞cialization of inebilizumab ≥λ$in Japan, Thailand, ✘≥φSouth Korea, Indones®ia, Vietnam, Malaysia, Philippines, Singapore→♣§, and Taiwan.“Our organization is deφ Ωlighted to partner with Viela to develop a"&nd commercialize their promising product ±¥candidate inebilizum&φ£☆ab for autoimmune and™ ≥♠ inflammatory diseases,” said Masay&¶δ€uki Mitsuka, MTPC President & Representativε♥e Director. “Inebilizumab is an exciting "↔product candidate tha♠€t, based on the results f₽↕•rom the N-MOmentum pivotal study, &is well-positioned to provide meaningful₩×£ benefit for patients with Nγ¶★MOSD, and potentially addit ®∏ional diseases, subj✔λect to regulatory approval. We are excit✘λλ<ed to work with Viela tφσ≥o advance inebilizuma> ₽£b in Japan and other Asia regions, aσδ€nd look forward to a producti<'ε ve partnership between our co§±mpanies.”The U.S. Food and∏φ Drug Administration↓¥• (FDA) recently accepted for review Viela’s☆→✔ Biologics License Application (BLA♥α ) for inebilizumab for the treatme">£≥nt of NMOSD. information source:pharmβ ✘ a focus AsiaThe original link:https:https:©σ≥×//www.pharmafocusasia.com/news/δ✘&viela-bio-enters-strategic-collaboratioφ₩£¶n-with-mitsubishi-tanabe-pharma-to-de →✔velop-and-commercialize-inebilizumab-fo•• r-autoimmune-diseases-i☆®∏n-japan-and-other-asia-regions2019 Asia-pa≥>cific pharma IP Leader Summit: http://en.zenseegr∏×←oup.com/p/510934/will be held in Be"≤™ijing on November 14§σ↓-15, and will attract more than 500 i<£↓¥ndustry experts from domes☆tic and foreign pharmaceutical companies, biotech¥₹®¶nology companies, governments, associations,←≤ law firms, intellectual property agents±" and other companies ®β¶∑to attend.Official registra↑&✔tion and consultation chan₩→nels:Contact:AnnPhone: 021-65650305Email&≥↑:Marketing@zenseegroup.comhttp://en.zenseeg↕₩roup.com/p/510934/