Deals In Depth: February 2025

Three $1bn+ alliances were penned in February, and one exceeded $2bn.

Deals In Depth

In the top alliance by deal value, AbbVie and Xilio Therapeutics entered a collaboration and option-to-license agreement to develop up to four novel tumor-activated, antibody-based immunotherapies, including masked T-cell engagers.

The partnership will combine AbbVie’s oncology expertise and Xilio’s proprietary tumor-activation technology

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