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Allergan Licenses MEDI2070, As AstraZeneca Continues Non-Core Exits

 
• By Sten Stovall

Continuing its strategy to exit non-core activities, AstraZeneca's licensed Allergan global rights to its IL-23 monoclonal antibody in Phase IIb testing for moderate-to-severe Crohn’s disease and ready for Phase II studies in ulcerative colitis. Analysts say the deal makes sense for both parties.

Allergan PLC has inked a licensing deal with AstraZeneca PLC’s biologics division MedImmune LLC for the global rights to MEDI2070, an IL-23 monoclonal antibody being tested in inflammatory diseases that now lie outside the UK drug-maker's core therapy areas but are of increasing interest to the Dublin-based group.

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