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Innovent will grant Spero Therapeutics exclusive rights to develop, research, manufacture, & commercialize SP001 worldwide, excl. Greater China, where Innovent will retain the rights
In return, Innovent will receive an upfront payment & development, regulatory & commercial milestone payments, representing the total deal value of ~$1.1B, plus Innovent will also receive tiered royalties on net sales in Spero’s licensed areas
SP001 (IBI355) is a third-generation Fc-silent anti-CD40L antibody. Spero plans to initiate a P-II trial in IgG4-related disease in Q2’27, while Innovent expects to begin a P-II study in Sjögren’s disease in China by early 2027
Ref: Globenewswire | Image: Innovent & Spero | Press Release
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The post Innovent Biologics Licenses SP001 (IBI355) to Spero Therapeutics in a ~$1.1B Deal appeared first on PharmaShots.
