Pharma BD Deal Intelligence

AbbVie Inc. / FutureGen Biopharmaceutical (Shanghai) Co. Ltd.

2024 · Licensing/Option · $1.7B · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Jun 13, 2024 BioPharma Dive Bullish

AbbVie has licensed an experimental anti-TL1A antibody from FutureGen Biopharmaceutical, the latest bet on a drug target that has attracted intense pharma…

Jun 13, 2024 Fierce Pharma Bullish

AbbVie is betting on TL1A as a next-generation inflammatory bowel disease target, licensing FutureGen Biopharmaceutical's preclinical anti-TL1A antibody…

Jun 14, 2024 BioWorld Bullish

AbbVie has struck a licensing deal worth up to $1.71 billion with FutureGen Biopharmaceutical Shanghai Co. Ltd. for FG-M701, a preclinical next-generation…

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AbbVie and FutureGen announced exclusive global license agreement for FG-M701, a next-generation fully human anti-TL1A monoclonal antibody in preclinical development for IBD. FutureGen receives $150M upfront/near-term plus up to $1.56B in development, regulatory and commercial milestones and tiered royalties up to low-double digits. AbbVie assumes global dev/mfg/commercialization rights.

Key facts

Related deals — scored

DealYearValueOutcome
AbbVie Inc. / FutureGen Biopharmaceutical (Shanghai) Co. Ltd. (this deal)2024$1.7B
AbbVie Inc. / Boehringer Ingelheim GmbH2016$2.2B95
AbbVie Inc. / Genmab A/S2020$3.9B81
AbbVie Inc. / Pharmacyclics Inc.2015$21.0B79
AbbVie Inc. / Apogee Therapeutics, Inc.2026$10.9B72
AbbVie Inc. / ImmunoGen Inc.2023$10.1B69
AbbVie Inc. / Gilgamesh Pharmaceuticals Inc.2024$2.0B64

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