AbbVie and Neomorph Announce Collaboration to Develop Molecular Glue Degraders for Oncology and Immunology
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AbbVie and Neomorph have announced a collaboration to develop molecular glue degraders for oncology and immunology, with Neomorph receiving an upfront payment and potential future fees and milestones up to $1.64 billion.
January 23, 2025 | 2:15 pm
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AbbVie has entered a collaboration with Neomorph to develop molecular glue degraders, enhancing its oncology and immunology drug development pipeline. This partnership could lead to significant advancements and financial gains.
The collaboration with Neomorph is likely to enhance AbbVie's drug development capabilities in oncology and immunology, potentially leading to new product offerings and revenue streams. The financial terms, including potential milestones up to $1.64 billion, indicate a significant investment and commitment, which could positively impact AbbVie's stock price in the short term.
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