Viela Bio Enters Strategiβ>c Collaboration with Mitsubishi Tanabe Pha≠ βrma to Develop and Commerci$§alize Inebilizumab for Autoimmune Diseases in Jap←&δ≤an and Other Asia Regions
THURSDAY, OCTOBER 10, 201§σ™'9Viela Bio, Inc. and Mitsubishi Tanabe Pharma Cor✘≈poration (“MTPC”) today announcedγ↑✘ a collaboration focused on the d&↑ε¶evelopment and commercialization of inebilizu↓mab – Viela’s humanized anti-CD1π¶λ9 monoclonal antibody –≈∞ → in nine Asia regions f•→or neuromyelitis optica spectr✔φ₽um disorder (NMOSD), as well as other pγotential future indications.“This partnership addγ£s to our ability to commercia≈∑γ™lize inebilizumab globallββ$λy, subject to regulatory a↑Ωpproval,” commented Bing Yao, Ph.D., Viela’÷≈≥s Executive Chairman and Chief Execε±♦$utive Officer. “As a well-established pha±πrmaceutical company § ≥®in Japan, Mitsubishi Tanabe has stro>®λng product development and commerciali∞>•∞zation capabilities in Asia, and ♣€↓we believe, is an ideal parπ>γ™tner for expanding inebilizumab’s potentia×π★l reach to thousands of addit©Ω®δional patients in need of ₽₩viable treatments, with NMOSD as an initia♥ ₹σl indication.”Under terms of the collabora→÷tion, Viela will receive an up-froα±nt licensing fee of $30 million as₽✘ well as additional payments contingent€λ • on certain developmen¥↓γ$t and commercial milestones©♠'≈, plus payments based, in part, on sales r> σevenue. MTPC will be responsible ¶λ₽↑for leading development and com™•γγmercialization of inebilizumab in Ja♦ pan, Thailand, South Korea, Indonesia, Vie★♣tnam, Malaysia, Philippines, Singapore, a®Ωnd Taiwan.“Our organizatio₽✔↓n is delighted to partner with Viela to develop a×πnd commercialize their promising pr<oduct candidate inebilizumab★•' for autoimmune and in₩✘≤flammatory diseases,” said Masayuki ♦Mitsuka, MTPC President &a✔mp; Representative Director. ☆ ≤“Inebilizumab is an excit♥ing product candidate that, based on the resultsφγ from the N-MOmentum pivoε ↔tal study, is well-positioned to provide mea>δΩ©ningful benefit for patients with N©π MOSD, and potentially ad₽"₩ditional diseases, subject to regulatory ¥≠εδapproval. We are excπ₽ited to work with Viela to advaλ₹nce inebilizumab in Japan and other Asia r®∞egions, and look forward to φ∞a productive partnership between our compaα¶'£nies.”The U.S. Food and Drug Administration£→ (FDA) recently accepted for review Viela’s×γ± Biologics License Application (BLA) for'♠♠♠ inebilizumab for the treatment o≠∑α"f NMOSD. information source:pharma focu<§s AsiaThe original link:https:https://www.¶♣≤pharmafocusasia.com/news/viela-bio-enters-s↔↔$trategic-collaboration-with-mitsubishi-tδ anabe-pharma-to-develop-and-comme♦λ₩↓rcialize-inebilizumab-for-✘←autoimmune-diseases-in-←₹japan-and-other-asia-regions'¥÷"2019 Asia-pacific pharma IP Leader Summit: λ★http://en.zenseegroup.com/p/510934/will be held₩ in Beijing on No₹♥vember 14-15, and will attrε'act more than 500 industry₹♠£ experts from domestic and foreign phar↔₽∏maceutical companies₹≥, biotechnology companies, government ↓↑s, associations, law firms≈¥π®, intellectual property age☆™nts and other companies to attend.Official regist← ∏ration and consultation channels:≥↕™γContact:AnnPhone: 021-6€®5650305Email:Marketing@zenseegroup.comhttp://e↔↔n.zenseegroup.com/p/510934/