AbbVie Signs a Partner and Option to Acquire Agreement with TeneoOne for its TNB-383B

 AbbVie Signs a Partner and Option to Acquire Agreement with TeneoOne for its TNB-383B

AbbVie Signs a Partner and Option to Acquire Agreement with TeneoOne for its TNB-383B

Shots:

  • TeneoOne to receive $90M upfront and will take care of P-I trial for TNB-383B with its expected onset in H1’19. AbbVie to get exclusive WW rights to develop and commercialize Teneobio’s TNB-383B, with an option to acquire TeneoOne
  • If AbbVie exercises option to acquire, TeneoOne will receive milestones on sales and regulatory approval of TNB-383B
  • TNB-383B is a bispecific Ab used for targeting B-cell maturation antigen (BCMA) developed using TeneoOne’s anti-CD3 platform, will be evaluated in P-I for multiple myeloma

Click here to read full press release/ article | Ref: AbbVie | Image: Wall Street Journal

Vartika Singh

Vartika Singh is a content writer who loves to write research articles and reports at PharmaShots. She has in-depth knowledge of the life sciences industry including the Pharma and Biotech sectors. Any articles written by her can be contacted at connect@pharmashots.com.

Related post