Law & Regulation
WuXi inks $1.5B GSK pact, a big biobuck bet but a blip in billions lost from US unverified list
GSK is tapping into WuXi Biologics’ T cell-engaging antibodies in a deal worth as much as $1.5 billion, as the UK drugmaker looks to follow suit of others…
GSK is tapping into WuXi Biologics’ T cell-engaging antibodies in a deal worth as much as $1.5 billion, as the UK drugmaker looks to follow suit of others in the T cell-engager field, which includes Amgen’s marketed cancer drug Blincyto.
Only $40 million of the GSK deal will initially go to the Shanghai-based contract research and manufacturing giant, but with a biobuck bet above $1 billion, the Big Pharma sees lots of potential. The pact is a boon to WuXi, which suffered a loss of billions in market value after being placed on the US Department of Commerce’s unverified list last February. WuXi was removed from the list last month.
Kicking off the deal is one preclinical bispecific antibody that targets a tumor-associated antigen on bad cells and CD3 expression on T cells, WuXi announced Thursday. CD3 is one branch of Amgen’s Blincyto bispecific, and it’s one part of the focus of Roche and Genentech’s Lunsumio. FDA cleared the bispecific as a third-line treatment for adults with relapsed or refractory follicular lymphoma last month.
Three more antibodies are on the line for GSK. All are earlier in the discovery process. Some are bispecifics and some are multispecific T cell-engaging antibodies. As with most of these tie-ups, tiered royalties are on the line, should any of the antibodies make it to market.
GSK’s head of research, John Lepore, said the deal adds to the Big Pharma’s pipeline of tumor cell-targeting agents.
AstraZeneca also wagered a T cell-engager deal last year, willing to place more than $1 billion on the table for TeneoTwo. Meanwhile, Amgen pulled back on some of its T cell engagers last year.
On the bispecific front, GSK’s luck ran dry with Merck KGaA in a string of clinical failures in 2021.
fda research ket-
Psychedelics1 week ago
Revive Therapeutics Announces Type C Meeting Request Granted by FDA for Clinical Study of Bucillamine to Treat Long COVID
-
Psychedelics1 week ago
Algernon NeuroScience and the Centre for Human Drug Research to Present DMT Phase 1 Stroke Clinical Data at the Interdisciplinary Conference on Psychedelic Research June 6 – 8th, 2024
-
Law & Regulation1 week ago
Tryp Therapeutics merger with Exopharm approved by shareholders
-
Psilocybin1 week ago
Passover Perspectives: Psychedelics, Moses, and the Burning Bush
-
Psychedelics1 week ago
atai Life Sciences Announces Dosing of First Patient in Part 2 of Beckley Psytech’s Phase 2a Study Exploring BPL-003 Adjunctive to SSRIs in Patients with Treatment Resistant Depression
-
Psilocybin1 week ago
Psilocybin and Meditation: Unlocking the Potential for Enhancing Insightfulness
-
Psychedelics1 week ago
Silo Pharma Announces Positive Results for Intranasal PTSD Treatment
-
Psilocybin1 week ago
Psilocybin and Meditation: Unlocking the Potential for Enhancing Insightfulness