AbbVie and FutureGen link on inflammatory bowel disease [Yahoo! Finance]
AbbVie Inc. (ABBV)
Last abbvie inc. earnings: 5/1 07:43 am
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Source: Yahoo! Finance
The asset is currently in the preclinical development phase. A fully human monoclonal antibody, FG-M701 acts on TL1A, a clinically validated target in IBD, and is engineered to potentially offer efficacy and reduced dosing frequency. AbbVie will obtain the sole worldwide rights for the development, manufacture and commercialisation of FG-M701. AbbVie global head of discovery and research and senior vice-president Jonathon Sedgwick stated: “The prevalence of IBD continues to increase, and many people living with ulcerative colitis and Crohn's disease do not respond to current therapies. “AbbVie's mission to raise the standard of care includes the pursuit of transformative therapies that help more patients living with autoimmune diseases achieve remission. We look forward to our collaboration with FutureGen in advancing the development of FG-M701 for the treatment of IBD.” FutureGen stands to receive upfront and near-term milestone payments worth $150m. The company is entit
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ABBV
Earnings
- 4/26/24 - Miss
ABBV
Sec Filings
- 6/3/24 - Form 25-NSE
- 5/31/24 - Form SD
- 5/17/24 - Form 25-NSE
- ABBV's page on the SEC website