Ferring and IMAB Ink Contract for Potential IBD Therapy Olamkicept in Asia

Ferring and IMAB Ink Contract for Potential IBD Therapy Olamkicept in Asia
Ferring Pharmaceuticals and Shangai-based biotech IMAB signed a licensing agreement granting IMAB exclusive rights to olamkicept (pINN), a potential drug for inflammatory bowel disease (IBD), in Asia. Under the terms of the agreement, IMAB will have a Phase 2-ready asset with differentiated product profile. IMAB will be responsible for paying for additional product development, and will have an exclusive license in Asia with an option for global use. The goal is to establish the therapeutic potential of olamkicept as a biomarker-guided and blocker of the interleukin-6 pathway to treat autoimmune diseases such as IBD. “We are very pleased to acquire the opportunity to further advance olamkicept and build on Ferring’s encouraging Phase 1 results in volunteers and in patients,” Jingwu Zang, president and CEO of IMAB, said in a press release. “This agreement will accelerate IMAB’s mission to develop impactful therapies for autoimmune disease.” “IMAB has a strong network of researchers and physicians in the autoimmune area in China and a willingness to develop our drug further in Asia and around the world,” said Alan Harris, senior vice president of research and development for Ferring Pharmace
Subscribe or to access all post and page content.

Leave a Comment

Your email address will not be published. Required fields are marked *