Novartis (NVS) Secures $575M Licensing Deal with Abogen Bioscien

Novartis and Abogen have signed an RNA licensing agreement, with Novartis paying $575 million upfront and up to $7.2 billion in milestones. The deal focuses on RNA therapeutics, potentially impacting both companies' financials and research pipelines.

Abogen Biosciences signed a licensing deal with Novartis for its experimental mRNA-based autoimmune disease therapy, ABO2203, securing a $575 million upfront payment and up to $7.2 billion in potential milestone payments. Novartis gains exclusive worldwide rights to the drug candidate, which targets B cells involved in autoimmune diseases. The deal is subject to customary closing conditions, including regulatory approvals.

Novartis and Abogen have signed a deal for RNA therapeutics, with $575 million upfront and up to $7.2 billion in milestones. The agreement focuses on mRNA technology, with Novartis gaining rights to develop and commercialize certain products. According to the companies, the collaboration aims to advance RNA-based treatments.

Abogen, a Chinese biotech company, signed a $7.8 billion licensing deal with Novartis. Novartis gains exclusive rights to Abogen's experimental drug ABO2203 and options for other therapies. Abogen will receive $575 million upfront, with potential earnings of $7.2 billion if the drug succeeds. ABO2203 targets B cells to treat autoimmune diseases like lupus and rheumatoid arthritis.

Abogen, a Chinese biotech company, announced a $7.8 billion licensing and option agreement with Swiss drug maker Novartis to develop RNA-based therapies, according to Abogen.

Chinese biotech firm Abogen has signed a $7.8 billion licensing and option agreement with Swiss drugmaker Novartis to develop RNA-based therapies, according to Abogen.