Viela Bio Enters Strategic ¶↑₹Collaboration with Mitsubishi Tanabe Pharm♣∏§♦a to Develop and Commerciali♠∞ze Inebilizumab for Autoimmune Diseases in₽₹ Japan and Other Asia R&§✘φegions
THURSDAY, OCTOBER 10, 2019Viela Bio, Inc. and ∏♦✔→Mitsubishi Tanabe Pharma Corporati☆↑☆on (“MTPC”) today announced a collabor ★βation focused on the ∑αdevelopment and commercializatio±★<₩n of inebilizumab – Viela’s humanized anti-CD1δ<₹9 monoclonal antibody – in nine Asia regionφσ₹s for neuromyelitis optica spectrum d₹λisorder (NMOSD), as well as other poten★πtial future indications.“This partn•φ✔ership adds to our ability toβ commercialize inebilizumab >§©globally, subject to regulatory approval,” co←©mmented Bing Yao, Ph.D.,∞σ∞ Viela’s Executive Chairman an≤®λd Chief Executive Officer. “As a well-estab>₹☆↑lished pharmaceutical company i "∏n Japan, Mitsubishi Tanabe has st↔≥™£rong product development and commercializat≤₽ion capabilities in Asia,∑✔ and we believe, is an idealα☆ partner for expanding inebilizumab’s potent¥•ial reach to thousands of additional patients i ®®n need of viable treatments, with N$♥≥≈MOSD as an initial indication.”Under term✘₽♦s of the collaboration, Viela will recei←£ve an up-front licensing fee of $30 mi≠≈↑llion as well as additional pay→₩αments contingent on certain↑γ development and comm ↓γπercial milestones, plus↔' payments based, in part,£±≤ on sales revenue. MTPC will be responsible f'∏♠or leading development and coδ←≠™mmercialization of in∏σ±ebilizumab in Japan, ≈Thailand, South Korea, Indonesia, Vietnam,∞π Malaysia, Philippines, Sin♠₩€gapore, and Taiwan.“ ©Our organization is delighted to par¶αtner with Viela to develop and commercia ¶↓lize their promising prodδ₽→uct candidate inebilizumab for autoimmune anγ∑ d inflammatory disea→≥ses,” said Masayuki Mitsuka, MTPC President☆♠¥ & Representative Director. “Iπ←nebilizumab is an exc©γ£δiting product candid©✔♠ate that, based on thλ®←←e results from the N-MOmentum piv&'×±otal study, is well-positioned to provi♦≠ σde meaningful benefit for patie≠♠σ∑nts with NMOSD, and p& ÷ otentially additional diseases, subject γ∏to regulatory approval. We are excited to™φγ↔ work with Viela to π≤advance inebilizumab in Japan and oth÷π£er Asia regions, and look f≥α•×orward to a productive " partnership between our companies.”The U.S. F $πood and Drug Administration (FDA↕" ) recently accepted for ₽'βreview Viela’s Biologics License Applica§$tion (BLA) for inebilizumab for the treatment of φ NMOSD. information sour∞ce:pharma focus AsiaTheΩ☆λ original link:https:https://www.pharmafocusaλ&sia.com/news/viela-b¶↔io-enters-strategic-collaboratio ☆¥n-with-mitsubishi-tanabe-pharma-t≤♣αo-develop-and-commercializ↓₹₩e-inebilizumab-for-auto™™immune-diseases-in-japan-and-other-asia-regions±↑2019 Asia-pacific pharma I✘§§P Leader Summit: http://en&φ∏→.zenseegroup.com/p/510934/wi↕$ll be held in Be↕¶↕₽ijing on ₹✘↑σNovember 14-15, and ≠"♣will attract more than 500 industr £→¶y experts from domestic and foreign pharmace₩£πutical companies, biotechnology companies, φ←σgovernments, associati✔®ons, law firms, intellectual property agen<★ts and other companies to attend.Of≤₹ficial registration and consultation channel¥≥↔s:Contact:AnnPhone: 021-65650305Email:Marke÷♠±ting@zenseegroup.comhttp://en.zenseegro↔>₩up.com/p/510934/