BioArctic inks deal with AbbVie for Parkinson's disease research

20 September 2016

Sweden’s Karolinska Development (Nasdaq Stockholm: KDEV) revealed this morning that its portfolio company BioArctic has entered into a strategically important collaboration with the USA’s AbbVie (NYSE: ABBV) to develop and commercialize BioArctic's portfolio of antibodies directed against alpha-synuclein for the treatment of Parkinson's disease and other potential indications.

Financial terms of the collaboration were not disclosed.

Parkinson’s disease is the second most-common neurological disease, affecting more than 10 million people worldwide. Mutations in alpha-synuclein are strongly linked to development of Parkinson’s disease. Soluble aggregates of the alpha-synuclein protein are toxic to neurons and lead to the deposits that are a hallmark of the disease.

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