HiFiBiO Therapeutics announced a multi-target agreement with Takeda Pharmaceutical Company Limited (Takeda) to enable the discovery of breakthrough antibody therapies to potentially treat various gastrointestinal diseases, cancers and other disorders. HiFiBiO Therapeutics will receive upfront, R&D, milestone, and royalty payments based on antibodies delivered to Takeda for development and commercialization. Specific financial terms of the transaction were not disclosed.
According to the agreement, scientists from both companies will work together to discover antibodies against Takeda’s targets using HiFiBiO Therapeutics’ single-cell screening capabilities. Takeda will be responsible for the preclinical and clinical development of the discovered antibodies.
“Takeda is a world leader in oncology, gastroenterology and neuroscience therapeutics,” said Liang Schweizer, PhD, President and CEO, HiFiBiO Therapeutics. “This multi-target partnership further validates our ongoing commitment to these types of open-innovation collaborations to better address unmet medical needs around the world.”
With its focus on developing antibodies for immune modulation, HiFiBiO Therapeutics is actively progressing its own internal projects, while also establishing multiple open-innovation partnerships with leading pharmaceutical and biotechnology companies, as well as academic institutions. These innovative partnerships utilize the proprietary CelliGO platform and continue to generate a robust pipeline of novel antibody drugs for several complex diseases.