Italy's Philogen Signs Drug License Deal with Pfizer

Italian biopharmaceutical company Philogen has signed a worldwide license agreement with drug firm Pfizer for the development of Dekavil, an experimental treatment for autoimmune diseases.

Under the deal, Pfizer will retain exclusive rights to market any products developed during the collaboration, Philogen said in a statement on Thursday.

Philogen will receive an upfront payment and will be eligible to receive milestone and royalty payments.

Further financial details were not disclosed.

"The licensing agreement with Pfizer accelerates our strong commitment to Philogen's unique approach to delivering therapeutic molecules specifically to their site of action," Philogen Chief Executive Duccio Neri said.

Currently in Phase 1 clinical testing, Dekavil is designed as an "armed antibody" which selectively targets inflammatory disease sites in the body instead of suppressing the immune system, Philogen said.

The Siena-based biotech group focuses on developing treatments for disorders related to angiogenesis, the growth of new blood vessels which can play a role in illnesses such as cancer.

 

Interview

Specialty Chemicals in a Shifting World
Adapting to Tariffs and Strengthening Regional Networks

Specialty Chemicals in a Shifting World

Jennifer Abril, President & CEO of SOCMA, discusses the impact of new tariffs and the importance of regional supply networks in the specialty chemical industry.

Free Virtual Event

Sustainability in Bioprocessing
Bioprocess Forum

Sustainability in Bioprocessing

Join us to explore hot topics in sustainable bioprocessing like the industrial potential of enzymatic synthesis, innovative biocatalysis techniques, and the use of digital twins in bioprocessing.