Teva and Blackstone Life Sciences strike $400 million duvakitug development deal

Reuters
Mar 04
<a href="https://laohu8.com/S/TEVA">Teva</a> and <a href="https://laohu8.com/S/BX">Blackstone</a> Life Sciences strike $400 million duvakitug development deal

Teva Pharmaceutical Industries Ltd. has entered a strategic growth capital agreement with Blackstone Life Sciences under which Blackstone will provide $400 million over four years to support the clinical development of duvakitug, a TL1A-targeting monoclonal antibody. Blackstone is also eligible for regulatory and commercial milestone payments and low single-digit royalties on worldwide sales if the drug is approved.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Teva Pharmaceutical Industries Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603031700PRIMZONEFULLFEED1001168051) on March 03, 2026, and is solely responsible for the information contained therein.

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