Chinese immuno-oncology and immuno-inflammation specialist I-Mab Biopharma has signed a deal with Korea's ABL Bio Corporation focusing on bispecific antibodies.
ABL Bio will pay $2.5 million upfront and potentially as much as $100 million in subsequent research & development, regulatory and sales-based milestone payments to in-license the global rights to I-Mab’s bispecific antibodies, excluding in China.
The companies also agreed on a collaboration to co-develop additional antibodies as part of the partnership.
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