Pharma BD Deal Intelligence

AbbVie Inc. / Ichnos Glenmark Innovation (IGI)

2025 · Licensing/Option · $1.9B · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Jul 10, 2025 BioSpace Bullish

The deal, which involves a $700 million upfront payment, gives AbbVie access to ISB 2001, a clinical-stage first-in-class trispecific antibody currently being…

Jul 10, 2025 Glenmark Pharmaceuticals Press Release Bullish

Glenmark Pharmaceuticals Ltd. today announced that its wholly-owned subsidiary Ichnos Glenmark Innovation (IGI) has entered into an exclusive global licensing…

Mar 09, 2026 BioSpace Bullish

In July 2025, AbbVie and Ichnos Glenmark Innovation linked up to take the bispecific attack on multiple myeloma one step further, adding another cancer marker…

Source summaries from our enrichment pipeline; follow links for originals.

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AbbVie obtained exclusive rights in North America, Europe, Japan, and Greater China to ISB 2001, a first-in-class CD38 x BCMA x CD3 trispecific antibody for R/R multiple myeloma, from Glenmark subsidiary IGI. Upfront $700M and up to $1.225B in milestones plus tiered royalties. Total ~$1.925B.

Key facts

Related deals — scored

DealYearValueOutcome
AbbVie Inc. / Ichnos Glenmark Innovation (IGI) (this deal)2025$1.9B
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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