Novel RA option in Phase III test against Xeljanz and Kevzara
British drugmaker GlaxoSmithKline (LSE: GSK) has said it will kick off late stage development of its novel immunological candidate otilimab.
The biologic is an investigational anti GM-CSF monoclonal antibody, which boasts encouraging Phase II results from the BAROQUE study, announced in October 2018.
GSK owns exclusive global rights to the therapy under the terms of a 2013 agreement with German biotech firm MorphoSys (FSE: MOR), worth a potential 445 million euros ($502 million).
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