Biogen, InnoCare Collaborate On Multiple Sclerosis Candidate

Loading...
Loading...
  • Biogen Inc BIIB is paying $125 million upfront to work on InnoCare Pharma Limited's orelabrutinib, a small oral molecule Bruton's tyrosine kinase inhibitor (BTKi) for multiple sclerosis.
  • InnoCare is eligible to receive up to $812.5 million in potential milestone payments, as well as a percentage of sales, should it gain approval.
  • With the ability to cross the blood-brain barrier, orelabrutinib could stop B cell and myeloid cell effector functions in the central nervous system.
  • The candidate is currently being investigated in a global Phase 2 study in relapsing-remitting multiple sclerosis patients.
  • Price Action: BIIB shares closed at $349.04 on Monday.
Posted In: BiotechNewsHealth CareContractsGeneralBriefsmultiple sclerosis
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...