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Mabwell Out-licenses Rare Disease Drug to Disc Medicine for $412.5 Million

publication date: Jan 20, 2023

Shanghai Mabwell Biosciences out-licensed global rights (ex-China) for a rare disease drug to Disc Medicine of Cambridge, MA in a $412.5 million agreement. The candidate, 9MW3011, is a first-in-class macromolecule drug that regulates iron homeostasis in vivo and aims to treat rare diseases includingβ-thalassemia and polycythemia vera. It has been approved to start trials in the US and China. Mabwell will receive $10 million upfront and $402.5 million in milestones plus single digit royalties on sales. More details....

Stock Symbol: (SHA: 688062)

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