AbbVie expands oncology R&D with Xilio deal
US pharma major AbbVie (NYSE: ABBV) has announced a deal with Xilio Therapeutics (Nasdaq: XLO), more than doubling the latter’s share price.
The collaboration and option-to-license agreement is for the development of novel tumor-activated, antibody-based immunotherapies, including masked T-cell engagers, using Xilio's technology.
Xilio is advancing a pipeline of novel, clinical and pre-clinical immunotherapies, including masked multispecific molecules designed to achieve tumor-selective activation by using masking and other unique components that are optimized for the specific target.
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