Disc Medicine buys rights to novel antibodies for blood disorders
Hematology specialist Disc Medicine (Nasdaq: IRON) has in-licensed certain antibodies from Mabwell Therapeutics, a division of Shanghai-based Mabwell Bioscience (SH: 688062).
The deal gives Massachusetts-based Disc access to a portfolio of monoclonal antibodies targeting TMPRSS6, including the Phase I-ready candidate MWTX-003, which the firm plans to take into the clinic in the second half of 2023.
Under the terms of the agreement, Disc gains global development and commercialization rights outside of China and Southeast Asia, in return for $10 million and up to $412.5 million in milestone payments, plus royalties.
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