Biogen Secures China Rights for Felzartamab in 850M Deal
Biogen will pay TJ Biopharma up to 850 million dollars for Greater China rights to felzartamab. The deal gives the firm full global control of the treatment.
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BIOGEN INC has reached an agreement to acquire the exclusive rights to an experimental immune disease treatment in Greater China from TJ Biopharma. The deal, valued at up to $850 million, grants the United States-based pharmaceutical giant full worldwide rights to develop and market the therapy. Following the announcement, shares of Biogen rose 1.3% in premarket trading.
