Viela Bio Enters Strategic Collaboration w≥←ith Mitsubishi Tanabe Pharma to Develop and Comm₩∑λercialize Inebilizumab for Aut≥oimmune Diseases in Japan and Other Asia Re←♠gions
THURSDAY, OCTOBER 10, 2019Viela Bio, ♦≥Inc. and Mitsubishi Ta•₽nabe Pharma Corporation (“MTPC”) tod∑∞πay announced a collabo∏↕∏ration focused on the developmen€✔σt and commercialization of iβ™δ•nebilizumab – Viela’φπδ★s humanized anti-CD19 monocl ☆₽±onal antibody – in nine Asia regionsγ♦ for neuromyelitis optica s >αpectrum disorder (NMOS•≤D), as well as other potential future ind↕↕ications.“This partnership adds₽ ≥γ to our ability to commercialize inebiliz" βumab globally, subject to regulat&♦λory approval,” commented Bing Yao, Ph.D., V←iela’s Executive Chairmanα÷☆≠ and Chief Executive Officer. “As a wel÷ l-established pharmaceutical company in Japan, Mi∞∑tsubishi Tanabe has strong produ∑ct development and c≈≠ommercialization cap♥↓λ•abilities in Asia, and we believe, ☆ ₩is an ideal partner fo'βr expanding inebilizumab’s potential reach "× to thousands of additional patients ∞★©in need of viable treatments, with NM≈ '&OSD as an initial indi✘✔≈cation.”Under terms of the collaborationε♥, Viela will receive an up-front licensing÷₹¥ fee of $30 million as well as addiδ "✔tional payments conti₽γ↕ngent on certain development and comm♦β§ercial milestones, plus payment≠ φs based, in part, on sales re∑↔→venue. MTPC will be responsible for leadiε×βng development and commerci♣ €λalization of inebilizΩ'≥umab in Japan, Thail ♥∞↑and, South Korea, Indonesia, Vi★¶×etnam, Malaysia, Philippines ↓₩, Singapore, and Taiwan.“Ou¶↓r organization is delighted €σ>≠to partner with Viela to develop and commerc♣↓€ialize their promising product candidλ∞ate inebilizumab for autoimmune and inf↓•σlammatory diseases,” said Masayσ© ↕uki Mitsuka, MTPC President & Repr§↑esentative Director. “Inebilizumab is©± an exciting product±♠" candidate that, based on the results from t≤σ✔he N-MOmentum pivotal ↓&♥←study, is well-position€§ed to provide meaningful be¥✔↕nefit for patients with NMOSD, an'λd potentially additional diseases,≥≤'♥ subject to regulatory approval. We are e&∏xcited to work with Viela to adva₹←nce inebilizumab in Japan and other Asia r§↓♣egions, and look forward to a pr•★✔€oductive partnership between our companies.”Th ™¥e U.S. Food and Drug Admin<₩istration (FDA) recently accep™☆ted for review Viela&€↔✘’s Biologics License Application (BLA•γ™ ) for inebilizumab for the tr®₹βeatment of NMOSD. information&n↑γ©bsp;source:pharma focus✔ ₹ AsiaThe original link:http±¥ s:https://www.pharmafocusasia.com/news/₩±viela-bio-enters-strategic-collabor£ation-with-mitsubishi-tanabe-pharma-to-d"☆>∞evelop-and-commerciali↔εαze-inebilizumab-for-autoimmune-dis★πeases-in-japan-and-oth±↔ er-asia-regions2019 Asia-pacific pharma I≠αP Leader Summit: http://en.zenseegroup.com/p/&"510934/will be held in Beijing on"← November 14-15, and will₩ ✔ attract more than 500 industry experts from dom↔$estic and foreign pharmaceutical compa≠γnies, biotechnology companies, governments, aδssociations, law firms, intel'£©↑lectual property agents and other £"♠companies to attend.Official registr↓₹ation and consultation channels:Contact:A§πnnPhone: 021-65650305Email:Marketin ≈ g@zenseegroup.comhttp://en.zenseegroup.com/p/5109®✘♦♣34/