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AbbVie Inc.

Drug Names(s): BI655066, BI-655066, Risankizumab, BI 655066, ABBV066, ABBV 066

Description: BI 655066 is an anti-IL-23 monoclonal antibody specific for the p19 subunit.

Deal Structure: Abbvie and Boehringer
In March 2016, AbbVie and Boehringer Ingelheim announced a global collaboration to develop and commercialize BI 655066. AbbVie and Boehringer Ingelheim also are evaluating the potential of this biologic therapy in Crohn's disease, psoriatic arthritis and asthma. In addition, AbbVie gains rights to BI 655064. Boehringer Ingelheim will retain responsibility for further development of BI 655064, and AbbVie may elect to advance the program after completion of certain undisclosed clinical achievements.

Under the terms of the license agreement, AbbVie will make an initial upfront payment of $595 million. Boehringer Ingelheim will be eligible to receive additional development and regulatory milestone payments and royalties on net sales, the terms of which are not disclosed. In the initial period, the Companies will share the responsibility for future development of BI 655066. AbbVie will be solely responsible for commercialization of BI 655066, while...See full deal structure in Biomedtracker

Partners: Boehringer Ingelheim GmbH

ABBV-066 News

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