Pharma BD Deal Intelligence

iBio, Inc. / AstralBio, Inc.

2025 · Licensing/Option · Complete

iBio in-licensed from AstralBio exclusive rights to a preclinical first-in-class monoclonal antibody targeting Activin E, a genetically validated target implicated in fat-selective weight loss and cardiometabolic disease. The Exclusive License Agreement (Activin E Target) was effective April 21, 2025 and announced April 22, 2025; it was exercised out of a Discovery, Option and License Agreement between the parties dated March 27, 2024 (as amended). The antibody was discovered using iBio's Machine-Learning Antibody Engine. Concurrently iBio amended its existing collaboration with AstralBio to add a fifth cardiometabolic target, for which AstralBio provided iBio a $750,000 credit. Headline upfront, milestone and royalty terms were not disclosed.

This deal is too recent to grade. Critic Score and Outcome Score are assigned after the announcement-week coverage settles and, for Outcome, after the 5-year post-close assessment window opens — expected 2030 at the earliest for this deal, once/if it closes.

Key facts

Related deals

See the full interactive analysis, sources & comparables →