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Harbour BioMed Enters Global Strategic Collaboration with Otsuka to Advance BCMAxCD3 Bispecific T-Cell Engagers
Harbour BioMed announced a global collaboration with Otsuka Pharmaceutical Co., Ltd. to advance BCMAxCD3 bispecific T-cell engagers for autoimmune diseases.
Otsuka received an exclusive license to develop HBM7020 globally, except for Greater China.
Harbour BioMed will receive $47 million in upfront payments and could earn up to $623 million with future milestones.
Both companies aim to establish a foundation for future partnerships in the T-cell engager area.