Sanofi enters deal with ABL Bio on pre-clinical Parkinson's candidate
Shares of South Korean biotech firm ABL Bio (Kosdaq: 298380) soared nearly 30% to 26,150 won yesterday, on the back of a global licensing deal with French pharma major Sanofi (Euronext: SAN).
ABL Bio announced an exclusive collaboration and worldwide license agreement with Sanofi to develop and commercialize ABL301, a pre-clinical stage bispecific antibody targeting alpha-synuclein and IGF1R to treat Parkinson's disease and other potential indications with enhanced blood-brain barrier (BBB) penetration.
Financial terms
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