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AbbVie Inc.

Drug Names(s): Galapagos/AbbVie CF Corrector, GLPG-2222

Description: Galapagos/AbbVie CF Corrector is a novel cystic fibrosis (CF) compound that defects in expression of (corrector) the main mutations in the cystic fibrosis transmembrane regulator (CFTR) protein, including the F508del and G551D mutation.

The compound will be tested in combination with the potentiator (GLPG1837), which is being developed as part of the Galapagos/AbbVie CF program.

Deal Structure: AbbVie and Galapagos
In September 2013, AbbVie and Galapagos announced a collaboration to develop potentiators and correctors discovered by Galapagos and expand that range of molecules. Following successful clinical development and regulatory approval, AbbVie will be responsible for commercial activities, with Galapagos retaining exclusive rights in China and South Korea and co-promotion rights in Belgium, the Netherlands, and Luxembourg.

Under the terms of the agreement, AbbVie will make an initial upfront payment of $45 million to Galapagos for rights related to the global alliance. Upon successful completion of pre-determined success milestones, AbbVie and Galapagos will share responsibility and funding for Phase III clinical development. Galapagos is eligible to receive up to $360 million in total additional payments for developmental and regulatory milestones, sales milestones upon the achievement of minimum annual net sales thresholds and additional...See full deal structure in Biomedtracker

Partners: Galapagos NV

ABBV-2222 News

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