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Biogen Builds In Neurodegenerative Disease With Anti-Tau Deal

 
• By Jessica Merrill

Biogen agreed to pay $300m upfront to buy a Phase II-ready tau antibody from Bristol. The plan is to move rapidly into mid-stage clinical trials for Alzheimer's disease and progressive supranuclear palsy.

Human brain illustrated with millions of small nerves - Conceptual 3d render

Biogen Inc. plans to move quickly to study its new tau antibody in Phase II clinical trials in Alzheimer's disease and progressive supranuclear palsey (PSP) after licensing it from Bristol-Myers Squibb Co. The company announced a licensing agreement with Bristol to acquire worldwide development and commercialization rights to the investigational drug April 13.

Biogen agreed to pay $300m upfront, as well as $410m in additional milestones and royalties. Bristol, under pressure after losing competitive ground in its core focus area of immuno-oncology, is presumably not looking to invest in the late-stage development of the drug, which it gained with the acquisition of iPierian Inc.for $175m upfront in 2014

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