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$45M Up Front, $360M in Milestones

Abbvie and Galapagos Cozy Up in Second Deal

By Marie Powers
Staff Writer

Wednesday, October 2, 2013
One day after disclosing an $840 million licensing deal with Ghent, Belgium-based Ablynx NV for nanobody technology to treat rheumatoid arthritis and systemic lupus erythematosus, Abbvie Inc. turned to another Belgian biotech – existing partner Galapagos NV – for a global alliance to discover, develop and commercialize potentiator and combination therapies in cystic fibrosis (CF).

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