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MorphoSys Nabs GSK As Latest Partner For RA Drug

 
• By Lisa LaMotta

The British pharma is expanding its portfolio in rheumatoid arthritis through a mid-stage tie-up with German biotech MorphoSys. GSK will take over all development of the antibody and could pay milestones up to €425 million.

After a competitive bidding process, MorphoSys AG has struck a development and commercialization deal with GlaxoSmithKline PLC for its mid-stage rheumatoid arthritis antibody. The German company has been searching for a partner to bring the asset forward after early data presented in September showed clinical activity within four weeks.

The deal, announced June 3, gives MorphoSys near-term cash in the form of a €22.5 million ($29.5 million) upfront, plus development, regulatory and commercialization milestones that could add up to...

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