ImmuNext signs another autoimmune diseases deal
USA-based ImmuNext has signed an agreement focused on the development of a novel antibody with the potential to treat a range of autoimmune diseases including Lupus and multiple sclerosis.
Under the terms of the accord, ImmuNext will grant French pharma major Sanofi (Euronext: SAN) an exclusive, worldwide license to develop and commercialize INX-021, a CD40L monoclonal antibody in preclinical development that suppresses the activity of a cellular pathway that is overactive in many autoimmune diseases. In addition, Sanofi and ImmuNext will initiate a research collaboration to support clinical trials.
Potential milestone payments to ImmuNext under the agreement could total $500 million. ImmuNext is also eligible to receive tiered royalties up to double digits on sales of products.
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