ABL Bio leaps as it announces deal with GSK

7 April 2025

South Korean clinical-stage biotech ABL Bio (Kosdaq: 298380) on Sunday announced a worldwide licensing agreement enabling GSK (LSE: GSK) to develop novel medicines for neurodegenerative diseases by utilizing ABL Bio's blood-brain barrier (BBB) shuttle platform, Grabody-B.

On Monday, ABL Bio shares rallied by almost 30% to end trading at 44,250 won, outperforming the Kosdaq index, which tumbled 5.3% due to US tariff-caused shocks.

The agreement aims to develop multiple programs for novel targets across therapeutic modalities including antibody, polynucleotide or oligonucleotides, such as siRNA and ASOs, to address significant unmet medical needs of patients suffering from neurodegenerative conditions.

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