Mitsubishi Tanabe Pharma enters into a licensing agreement with Viela Bio for inebilizumab, a treatment agent for neuromyelitis optica spectrum disorder, in Japan and other Asian regions
2019-10-09 · Tanabe Pharma Corporation · original tanabe-pharma.com ↗
1/2 October 9, 2019 M itsubishi Tanabe Pharma enters into a licensing agreement with Viela Bio for inebilizumab, a treatment agent for neuromyelitis optica spectrum disorder, in J apan and other Asian regions M itsubishi Tanabe Pharma Corporation (M T PC) (H ead O ffice: Chuo-ku, O saka; President & Representative D irector, CEO : M asayuki M itsuka), announced today a licensing agreement with Viela Bio, Inc. (H ead O ffice: M aryland, U .S .), regarding the in-licensing of inebilizumab (generic name), a treatment agent for neuromyelitis optica spectrum disorder (NM O S D ) that is currently under development by Viela Bio. U nder this agreement, M T PC will pay to Viela Bio an upfront licensing fee of $30 million, as well as additional payments contingent on development and commercial milestones. M T PC will also pay royalties on product sales after the product is launched. Inebilizumab is a humanized anti-CD 19 monoclonal antibody that binds with high affinity to CD 19, a protein expressed on a broad range of B cells, including antibody- secreting plasmablasts and some plasma cells. T hese cells are then rapidly depleted from circulation. Inebilizumab is an investigational new drug for which there is no marketing authorization. NM O S D is a rare, life-threatening autoimmune disease of the central nervous system in which the bodyfs immune system attacks healthy cells, most commonly in the optic nerves and spinal cord, resulting in severe damage. NM O S D may cause severe muscle weakness and paralysis, loss of vision, respiratory failure, problems with bowel and bladder function and neuropathic pain.1 T here is currently no cure or approved treatment for NM O S D . T hrough this agreement, M T PC will acquire exclusive development and sales rights for this drug in J apan, S outh K orea, Taiwan, S ingapore, Indonesia, T hailand, M alaysia, the Philippines, and Vietnam. 2/2 M T PC has identified central nervous system diseases as one of its priority disease areas, and moving forward the Company will aggressively work to develop new drugs that address unmet medical needs. [1] National Institute of Neurological Disorders and Stroke, National Institutes of Health https://www.ninds.nih.gov/Disorders/All-Disorders/Neuromyelitis-Optica-Information-Page M itsubishi Tanabe Pharma Corporation Corporate Communications D epartment M edia contacts: T EL:+ 81 6 6205 5119 Investor contacts: T EL:+ 81 6 6205 5110 About M itsubishi Tanabe Pharma M itsubishi Tanabe Pharma, which was founded in 1678, has its headquarters in D oshomachi, O saka, which is the birthplace of J apanfs pharmaceutical industry. W ith business centered on ethical pharmaceuticals, M itsubishi Tanabe Pharma is a well-established company and has the longest history of any listed pharmaceutical company in J apan.* In accordance with the corporate philosophy of gcontributing to the healthier lives of people around the world through the creation of pharmaceuticals,h the Company formulated the key concept of O pen U p the Future under the M edium-Term M anagement Plan 16-20. T hrough the discovery of drugs that address unmet medical needs, centered on its priority disease areas — immuno-inflammation, diabetes and kidney, central nervous system, and vaccines — M itsubishi Tanabe Pharma will strive to contribute to the health of patients around the world. For more information, go to https://www.mt-pharma.co.jp/e/ * Research by T O K YO S H O K O RES EARCH , LT D . About Viela Bio Viela Bio, headquartered in G aithersburg, M aryland, is a clinical-stage biotechnology company pioneering treatments for autoimmune and severe inflammatory diseases. For more information, please visit www.vielabio.com
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