AbbVie Ventures’ interest in Morphic Therapeutic Inc. originally centered on the latter’s integrin alpha 4 beta 7 program targeting autoimmune indications such as Crohn’s disease and lupus, but now AbbVie Inc. is paying $100m up front for exclusive options to license candidates targeting TGF beta for fibrotic indications.
Morphic was founded in 2015 with a goal of succeeding in developing oral integrin inhibitors after years of clinical development failure by more established companies, including Merck & Co. Inc. and Roche. The Waltham, Mass.-based biotech announced Oct
Read the full article – start your free trial today!
Join thousands of industry professionals who rely on Scrip for daily insights
- Start your 7-day free trial
- Explore trusted news, analysis, and insights
- Access comprehensive global coverage
- Enjoy instant access – no credit card required
Already a subscriber?