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Glenmark arm inks $700 mn licensing deal with AbbVie
Business Standard
|July 11, 2025
In what can be called a landmark deal for Indian pharma and research, IGI Therapeutics SA, a wholly-owned subsidiary of New York-based Ichnos Glenmark Innovation Inc. (IGI), signed an exclusive licensing agreement with US-based AbbVie for its oncology and autoimmune diseases asset ISB 2001 for an upfront payment of $700 million (₹6000 crore) and milestone-based payments of up to $1.2 billion (close to ₹10,000 crore).
ISB 2001, an investigational asset, has been developed using IGI's proprietary BEAT protein platform for oncology and autoimmune diseases.
यह कहानी Business Standard के July 11, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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