HiFiBiO and Takeda enter into extensive drug discovery collaboration
Multinational biotech firm HiFiBiO Therapeutics has agreed a multi-target deal with Japan’s Takeda Pharmaceutical (TYO: 4502) to try to discover breakthrough antibody therapies in gastroenterology and oncology.
The firms will work together to discover antibodies against targets chosen by Takeda. Takeda will be responsible for further preclinical and clinical development.
HiFiBiO, which is focused on using single-B-cell screening and analysis, will receive upfront, R&D, milestone, and royalty payments. Further financial terms were not disclosed.
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