AbbVie in Immuno-Oncology Licensing Pact with IGI Therapeutics

Dow Jones

2025/07/10

By Colin Kellaher

AbbVie has struck an immuno-oncology licensing agreement with IGI Therapeutics that is potentially worth more than $1.9 billion to the clinical-stage biotechnology company.

AbbVie on Thursday said it will pay $700 million up front for an exclusive license to IGI's ISB 2001, a trispecific T-cell engager developed using IGI's proprietary BEAT protein platform, for oncology and autoimmune diseases.

The North Chicago, Ill., biopharmaceutical company said ISB 2001 is currently in Phase 1 studies in patients with relapsed/refractory multiple myeloma.

AbbVie said it will have exclusive rights to develop, manufacture and commercialize ISB 2001 across North America, Europe, Japan and Greater China, with IGI eligible to receive up to $1.225 billion in development, regulatory and commercial milestone payments, along with royalties on product sales.

IGI Therapeutics is a unit of New York-based Ichnos Glenmark Innovation, an alliance launched last year by India's Glenmark Pharmaceuticals and its Ichnos Sciences unit.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

July 10, 2025 08:26 ET (12:26 GMT)

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Phase 1 studies in patients with relapsed/refractory multiple myeloma. \n</p>\n<p>\n  AbbVie said it will have exclusive rights to develop, manufacture and commercialize ISB 2001 across North America, Europe, Japan and Greater China, with IGI eligible to receive up to $1.225 billion in development, regulatory and commercial milestone payments, along with royalties on product sales. \n</p>\n<p>\n  IGI Therapeutics is a unit of New York-based Ichnos Glenmark Innovation, an alliance launched last year by India's Glenmark Pharmaceuticals and its Ichnos Sciences unit. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Colin Kellaher at colin.kellaher@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 10, 2025 08:26 ET (12:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999015986.USD","symbol_name":"LIONGLOBAL DISRUPTIVE INNOVATION 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biotechnology company. \n\n\n  AbbVie on Thursday said it will pay $700 million up front for an exclusive license to IGI's ISB 2001, a trispecific T-cell engager developed using IGI's proprietary BEAT protein platform, for oncology and autoimmune diseases. \n\n\n  The North Chicago, Ill., biopharmaceutical company said ISB 2001 is currently in Phase 1 studies in patients with relapsed/refractory multiple myeloma. \n\n\n  AbbVie said it will have exclusive rights to develop, manufacture and commercialize ISB 2001 across North America, Europe, Japan and Greater China, with IGI eligible to receive up to $1.225 billion in development, regulatory and commercial milestone payments, along with royalties on product sales. \n\n\n  IGI Therapeutics is a unit of New York-based Ichnos Glenmark Innovation, an alliance launched last year by India's Glenmark Pharmaceuticals and its Ichnos Sciences unit. \n\n\n \n\n\n  Write to Colin Kellaher at colin.kellaher@wsj.com \n\n\n \n\n\n  (END) Dow Jones 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