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Samsung Bioepis, Takeda To Co-Develop Multiple Novel Biologic Therapies

Samsung Bioepis Co., Ltd. said that it has entered into a strategic collaboration agreement with Takeda Pharmaceutical Company Limited to jointly fund and co-develop multiple novel biologic therapies in unmet disease areas. The two companies will immediately begin working on the program's first therapeutic candidate, TAK-671, which is intended to treat severe acute pancreatitis. Additional terms of the collaboration are not being disclosed.

The risk-sharing partnership brings together Samsung Bioepis' agile biologics development platform with Takeda's best-in-class experts in drug development to co-fund and collaboratively develop innovative therapies representing meaningful value to patients who need them.

by RTTNews Staff Writer

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