A new global licensing agreement is set to advance development of an oncology biosimilar candidate. Teva Pharmaceuticals International GmbH, a subsidiary of Teva Pharmaceutical Industries Ltd. and Spain-based biopharmaceutical company mAbxience, have entered into a strategic deal for a drug candidate that is in development for treating multiple indications in the oncology space.
Teva and mAbxience Announce Strategic Global Licensing Agreement for Oncology Biosimilar Candidate
As Teva advances its Pivot to Growth strategy under CEO Richard Francis, the company is making good on its pledge to beef up its biosimilar pipeline through outside deals.
BETHLEHEM, Pa.--(BUSINESS WIRE)--ABEC, a global provider of engineered solutions and services for biotech manufacturing, today announced that mAbxience will equip their state-of-the-art cGMP facility in León, Spain with an additional ABEC 4,000L CSR bioreactor. Following the successful delivery of the first 4,000L CSR bioreactor in 2021, mAbxience again selected ABEC’s innovative single-use technology to increase its CDMO business and capacity.