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Business
Biogen Licenses Autoimmune Drug
by Michael McCoy
September 14, 2015
| A version of this story appeared in
Volume 93, Issue 36
Biogen has licensed MT-1303, a small-molecule autoimmune drug in Phase II clinical trials, from Japan’s Mitsubishi Tanabe Pharma, for $60 million up front and up to $484 million in milestone payments. Like the Novartis multiple sclerosis (MS) treatment Gilenya, which was licensed from Mitsubishi Tanabe, MT-1303 targets the sphingosine 1-phosphate receptor. Biogen is assessing its potential in MS, ulcerative colitis, Crohn’s disease, and other autoimmune ailments.
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