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AbbVie Extends Reach Of Regenxbio’s Wet AMD Program

Deal May Indicate Renewed Pharma Appetite For Gene Therapy

 
• By Alaric DeArment

The partnership worth up to $1.75bn removes the significant risk of going it alone in a competitive market as Regenxbio awaits late-stage data for its gene therapy.

Female eye with long eyelashes close up. Closeup shot of female gray - blue colour eye with day makeup. Beauty female eye with curl long eyelashes
Regenxbio stands to benefit from AbbVie's presence in eye care • Source: Shutterstock

Regenxbio Inc. will have sufficient resources to extend the global reach of RGX-314, its gene therapy for wet age-related macular degeneration (AMD) and diabetic retinopathy (DR), through a partnership with AbbVie Inc. worth potentially as much as $1.75bn. The company also stands to benefit from AbbVie’s expertise in eye diseases, without which the gene therapy maker may have found itself left to compete alone against other large drug makers in the space.

Rockville, MD-based Regenxbio and Chicago-based AbbVie said on 13 September that they entered into a development and commercialization deal, whereby...

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