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Royalty Pharma and Teva Enter Agreement to Accelerate Development of Potential Treatment for ...

Royalty Pharma will fund up to $500 million to accelerate Teva's anti-IL-15 antibody TEV-408 development for vitiligo, including $75 million for Phase 2b starting in 2026.

Summary by Inside Ottawa Valley
Royalty Pharma to provide up to $500 million, including $75 million for Phase 2b funding and a Royalty Pharma option for an additional $425 million, to support Teva’s anti-IL-15 candidate, TEV-‘408 TEV-‘408 is currently in Phase 1b for treatment of…

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The company signed an agreement of up to $500 million with Royalty Pharma to develop a drug for vitiligo that will enter phase 2 of clinical trials. • This year, it expects similar revenues or a slight decrease compared to 2025, along with an increase in profitability and free cash flow, and in 2027, growth in revenues, profitability and cash flow.

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Inside Ottawa Valley broke the news in Ottawa, Canada on Sunday, January 11, 2026.
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