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Kolon/Mitsubishi Gene Therapy Pact Paves Way For More Global Deals?

 
• By Jung Won Shin

In a rare large gene therapy deal, South Korea’s Kolon is making inroads into the Japanese market through Invossa, its genetically modified allogeneic cell therapy for osteoarthritis. The agreement with Mitsubishi Tanabe could pave the way for more global licensing agreements in a growing segment.

South Korea’s Kolon Life Science Inc. has granted Mitsubishi Tanabe Pharma Corp. exclusive rights to develop and commercialize in Japan Invossa, the world's first cell-mediated gene therapy for osteoarthritis (OA), in a deal worth KRW500bn ($437.8m) plus sales royalties.

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