Pharma BD Deal Intelligence

AbbVie Inc. / Harpoon Therapeutics

2019 · Licensing/Option · $510M · Terminated

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Dec 11, 2022 Harpoon Therapeutics (ASH 2022) Bullish

Updated ASH 2022 data showed 77% ORR at the high-dose cohort in heavily pretreated multiple myeloma patients, supporting HPN217's clinical promise but…

Sep 14, 2023 FierceBiotech Bearish

AbbVie passed on its option for HPN217, ending the partnership and puncturing Harpoon's path to a potential $200M+ payday; the opt-out reflected a crowded BCMA…

Sep 15, 2023 MM+M Bearish

AbbVie's exit from the HPN217 program signaled diminished commercial appetite for differentiated BCMA assets in a market already crowded by approved CAR-Ts and…

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Harpoon Therapeutics and AbbVie entered an exclusive worldwide option and license agreement for HPN217, a BCMA-targeting TriTAC for multiple myeloma, and expanded their TriTAC discovery collaboration. Harpoon received $50M upfront with up to $510M in total upfront, option exercise and milestone payments plus royalties. AbbVie terminated the HPN217 option in 2022.

Key facts

Related deals — scored

DealYearValueOutcome
AbbVie Inc. / Harpoon Therapeutics (this deal)2019$510M
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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