Abbott & Galapagos Announce Collaboration for Arthritis Drug
Abbott Laboratories has made a development agreement with Galapagos for a mid-stage rheumatoid arthritis medication.
Abbott Laboratories and Belgian drug developer Galapagos have announced a collaboration to develop Galapagos' GLPG0634, a mid-stage rheumatoid arthritis medication.
GLPG0634, a Janus kinase-1 inhibitor, is currently under development and has reported results from a four-week Phase IIa study in which the drug demonstrated efficacy measures amongst the best reported in rheumatoid arthritis.
Abbott has paid an initial $150m for the drug, with Galapagos due to receive a further payment of $200m upon the completion of further Phase II studies into the drug. Galapagos will retain the rights to co-promote the drug in Belgium, Netherlands and Luxembourg.
Galapagos will also be eligible to receive miles
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