MorphoSys have entered into a global pharma licensing agreement with GlaxoSmithKline to develop and commercialize MOR103.
MOR103 is MorphoSys's proprietary HuCAL-derived antibody against GM-CSF, which has concluded Phase 1/2 development in mild to moderate rheumatoid arthritis.
Under the terms of the pharma licensing agreement, GSK will assume responsibility for all subsequent development and commercialization of MOR103.
As part of this pharma licensing agreement, MorphoSys receives an immediate upfront payment of EUR 22.5 million.
On achievement of certain developmental, regulatory, commercial and sales-based milestones, MorphoSys would be eligible to receive additional payments from GSK of up to EUR 423 million, in addition to tiered, double-digit royalties on net sales.
MOR103 has concluded a Phase 1 study in healthy volunteers and a Phase 1/2 clinical trial in mild to moderate rheumatoid arthritis patients.
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