Sobi takes stake in Selecta gout program
A strategic licensing agreement has been reached between Stockholm’s Swedish Orphan Biovitrum (STO: SOBI), also dubbed Sobi, and Massachusetts-based Selecta Biosciences (Nasdaq: SELB).
The firms are partnering around the late-stage asset SEL-212, a gout candidate for which Phase III tests are due to commence later this year.
In recent years, Sobi has been investing to develop a stronger position in immunology, coupled with a substantial US base for expansion and growth.
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