Tiziana trading higher after acquiring monoclonal antibody rights

3 January 2017

Tiziana Life Sciences (AIM: TILS) has acquired the exclusive worldwide rights for NI-1201, a fully human anti-interleukin-6 receptor (IL-6R) monoclonal antibody (MAb), from privately-held Swiss biotech Novimmune.

The UK clinical-stage biotech company, which develops targeted drugs for cancer, autoimmune and inflammatory diseases, agreed to an upfront cash payment, milestone payments, and a royalty on future sales. The figures involved were not disclosed.

Monoclonal antibodies against IL-6R have been explored as potential drugs to treat inflammation in the past. NI-1201’s unique mechanism, however, is thought to have the potential to considerably increase anti-inflammatory activity.

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