Latest Developments in the Pharmaceutical Industry: Deals, Approvals, and Clinical Progress
In a surprising turn of events, Vor Bio has secured a potential $4 billion licensing deal with China's RemeGen for the ex-China rights to telitacicept, a BLyS/APRIL dual-target fusion protein. This agreement, which includes a $45 million upfront payment, has breathed new life into the Massachusetts-based biotech that was on the verge of closure. Telitacicept, already approved in China for several autoimmune diseases, represents a significant addition to Vor Bio's portfolio. However, the news triggered an unexpected drop in RemeGen's stock price.