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Daewoong Pharmaceutical and Vitalli Bio Enters into Global License Agreement to Develop  DWP213388 for Autoimmune Disease

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Daewoong Pharmaceutical

Daewoong Pharmaceutical and Vitalli Bio Enters into Global License Agreement to Develop  DWP213388 for Autoimmune Disease

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  • Through this agreement, Vitalli Bio will receive exclusive rights for developing and commercializing DWP213388 in the global market while Daewoong Pharmaceutical will retain rights in some Asian regions incl. Korea
  • In exchange of this right, Vitalli Bio will pay a total of ~$477M incl. an upfront payment of ~$10M. Also, Vitalli Bio will be granted an option to license earlier-stage dual-target inhibitors in development by Daewoong
  • DWP213388, a BTK and ITK inhibitor. In Aug 2022, the company received IND clearance from the USFDA to initiate the P-I clinical trial of DWP213388. In preclinical studies, it demonstrated excellent efficacy in various autoimmune diseases such as rheumatoid arthritis

Ref: PRNewswire | Image: Daewoong Pharmaceutical

Related News:- Similis Bio Collaboration with Novel351k to Develop Multiple Biosimilar Programs for Cancer and Autoimmune Diseases

Click here to­ read the full press release 

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Neha is a Senior Editor at PharmaShots. She is passionate and very enthusiastic about recent updates and developments in the life sciences and pharma industry. She covers Biopharma, MedTech, and Digital health segments along with different reports at PharmaShots. She can be contacted at connect@pharmashots.com.

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