ABL Bio and WuXi Biologics expand collaboration
China’s WuXi Biologics (HK: 2269) and South Korea’s ABL Bio Corp (KS: 298380) have announced the expansion of their strategic partnership for novel bispecific antibodies and immune-oncology program.
Under the terms of the agreements, ABL Bio gains rights to use WuXi Biologics' proprietary discovery platforms, including WuXiBodyand CD3 platform, to research, develop and commercialize multiple bispecific antibodies, as well as rights to develop new bispecific antibodies targeting novel immune check point receptor.
Deal will earn WuXi around $220 million
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