AbbVie jumps into CD47 game, engineers $3B deal with ambitious Chinese player
Gilead’s $4.9 billion bet on Forty Seven evidently triggered a rush among Big Pharma to look for their own drug that targets the CD47 “don’t-eat-me” signal. AbbVie has now jumped on the bandwagon, paying $180 million upfront to license an antibody out of China.
I-Mab is keeping China rights to lemzoparlimab, which chairman Jingwu Zang says distinguishes itself by minimizing binding to red blood cells and therefore avoiding side effects such as anemia.
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