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WuXi Biologics Signs $220 Million Bi-Specific Deal with ABL Bio of South Korea

publication date: Mar 4, 2019

In a $220 million agreement, South Korea's ABL Biotechnologies acquired rights to use WuXi Biologics' discovery platforms to develop multiple bispecific antibodies including new bispecific antibodies that target a novel immune check point receptor. WuXi Biologics, which will receive the $220 million in a combination of upfront and milestone payments, will also be paid royalties on any commercialized products from the partnership. ABL Bio will use WuXi's WuXiBody™ and CD3 platforms. The new partnership expands an existing agreement between the two companies announced in November 2018. More details....

Stock Symbols: (KS: 298380) (HK: 2269)

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