MorphoSys AG has had a tough time of late, with high-profile drugs partnered with GSK plc and Roche Holding AG failing in late-stage trials, but the German biotech remains confident in the potential of its proprietary pipeline.
The Munich-based firm's miserable autumn began when GSK decided last month to abandon the rheumatoid arthritis otilimab after reviewing data from two Phase III studies which tested two doses of the granulocyte-macrophage colony-stimulating factor (GM-CSF) antibody against placebo and two JAK inhibitors, Pfizer Inc.’s Xeljanz (tofacitinib) and Sanofi/Regeneron Pharmaceuticals, Inc.’s Kevzara (sarilumab). The drug, which was licensed from MorphoSys in 2013, had been touted by GSK as a future blockbuster
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