Russia's R-Pharm to develop UCB's olokizumab for rheumatoid arthritis
Belgium’s leading pharma company UCB (Euronext Brussels: UCB) said today (July 4) that it has granted a world-wide exclusive license to privately-owned R-Pharm, one of Russia's leading pharmaceutical producers, to develop and commercialize olokizumab in all indications, including rheumatoid arthritis.
Under the terms of this agreement, R-Pharm will develop, register, manufacture, distribute and book sales globally. UCB receives an upfront payment and is entitled to receive payments on development and commercialization milestones and royalties. Further details of the deal were not disclosed.
Roch Doliveux, UCB chief executive, said: "We at UCB are very satisfied with the positive Phase II results for olokizumab. Following the prioritization of UCB’s rich pipeline, we took the portfolio decision to partner olokizumab. We are pleased that R-Pharm will provide a potential new treatment option for patients with immunology diseases."
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