AbbVie, Gilead, and ASK Pharm Secure New Cancer Drug Candidates in Year-End Deals
Major pharmaceutical companies AbbVie and Gilead Sciences, along with Chinese firm ASK Pharm, have closed out the year by acquiring rights to promising cancer drug candidates, signaling continued investment in oncology research and development.AbbVie has entered into an agreement with Zejing Biopharmaceutical for the option to license alveltamig (ZG006), a DLL3-targeting trispecific T-cell binder, outside of China. The deal includes a $100 million upfront payment, with potential for an additional $60 million if AbbVie exercises its option, and milestone payments that could reach $1.07 billion.