In substitution for the licensing privileges, AbbVie will pay Ablynx $175 million upfront, which the companies said will partly be used to fund another phases of clinical development of ALX-0061, plus up to $665 million in payments tied to undisclosed development, regulatory, industrial, and sales-structured milestones. Ablynx may also be qualified to receive double-digit tiered royalties on net sales of items commercialized through the collaboration. Edwin Moses, Ph.D., Ablynx’s chairman and CEO, said in a declaration the current development plan calls for ALX-0061 to release various scientific trials in both RA and SLE during 2014 and 2015. This deal represents a major milestone for Ablynx and confirms both potential worth of ALX-0061 and the ability of our nanobody technology to create clinical candidates with very exciting potential, Dr.This is a good time to review the screening questions for yourself or go to to locate a screening site near you.
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