AbbVie Expands its Collaboration with Capsida Biotherapeutics to Develop Targeted Genetic Therapies for Eye Diseases
Shots:
- Under the expanded agreement, Capsida will receive $70M up front & equity investment, ~$595M in option fees, research & development milestones for 3 programs & commercial milestones along with royalty on future product sales
- The agreement will combine AbbVie's extensive capabilities with Capsida's novel adeno-associated virus (AAV) engineering platform & manufacturing capability to advance 3 programs
- Capsida will be responsible for capsid discovery efforts for all programs using high throughput AAV engineering platform & will lead the process development and early clinical manufacturing while AbbVie will lead innovative therapeutic cargo approaches along with development and commercialization
Ref: PRNewswire | Image: Abbvie
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