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Home » AbbVie Gains Rights to Boehringer’s Psoriasis Drug for $595M
AbbVie Gains Rights to Boehringer’s Psoriasis Drug for $595M
March 11, 2016
AbbVie has gained the rights to Boehringer Ingelheim’s BI 655066, an anti-IL-23 monoclonal antibody for the treatment of psoriasis that currently is in Phase 3 development.
Under the agreement, AbbVie will pay $595 million upfront. In return, Boehringer will gain any possible development or regulatory milestones and royalties. AbbVie will commercialize the compound, while Boehringer will reserve the right to co-promote the compound in asthma. The companies will jointly develop the drug.
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