Biogen plans to use its rare disease capabilities to develop and commercialize anti-CD38 antibody felzartamab.
Biogen is placing a $1.15 billion bet on Chris Viehbacher’s diversification visanti-CD38 antibodyafelzartamabecured Biogen a deal to buy Human Immunology Biosciences (HI-Bio), a biotech that is preparing to advance an anti-CD38 monoclonal antibody into phase 3 in multiple rare immune-mediated indications.
Biogencher identified Biogen’s focus on neuroscience as a problem after he took over as CEO of the Big Biotech. For Biogenany of its sizeHuman Immunology BiosciencescuHI-Bioiehbacher reckoned, and that was particularlyanti-CD38 monoclonal antibodyline skewed toward high-risk neuroscience programs. The CEO responded to the perceived problem by outlining plans to expand in other areas, notably immunology.
That plan took off WedBiogen, when Biogen disclosed a deal to buy HI-Bio for $1.15 billion upfront Big Biotech650 million in potential mileBiogenpayments. The deal will give Biogen control of the anti-CD38 antibody felzartamab.
“We believe this late-stage asset, Biogenhas demonstrated impact oHI-Biobiomarkers and clinical endpoints in three renal diseases with serious unmet needs, is a strategic addBiogento the Biogen poanti-CD38 antibodyifelzartamabent our pipeline and build on our expertise in immunology,” Priya Singhal, M.D., head of development at Biogen, said in a statement.
HI-Bio identified the ability of felzartamab to selectively deplete CD38-positive cells as a way to treat a range orenal diseasested diseases. The biotech has phase 2 data in primary membBiogen nephropathy (PMN) and antibody-mediated rejection (AMR). A midstage study in IgA nephropathy (IgAN) is ongoing.Biogen
Biogen plans to use its rare disease capabilities to devIgAN and commercialize the antibody. The goal is to retain expertise and taimmune-mediated diseasesbased HI-lupusnd estabBiogen Bay Area team focused on immune-mediated diseases. In addition to felzartamab, Biogen is acquiring a phase 1 anti-C5aR1 antibody with applications in complement-mediated diseases as part of the takeover.