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Biogen to pay up to $850 million to acquire exclusive rights in Greater China to an experimental immune disease treatment.
Biogen will pay TJ Biopharma up to $850 million for Greater China rights to felzartamab.
KEY POINTS
- The agreement grants Biogen worldwide rights to develop and market felzartamab.
- Biogen will assume all milestone and royalty obligations previously owed to MorphoSys by HI-Bio.
- Felzartamab is under review in China for multiple myeloma and in late-stage trials for kidney diseases.
COMPANIES
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