AbbVie and Xilio Therapeutics Team Up for Immunotherapy Advancements
Collaboration Overview
AbbVie and Xilio Therapeutics have joined forces in an exciting collaboration aimed at developing innovative tumor-activated immunotherapies. This partnership not only combines AbbVie’s deep expertise in oncology with Xilio's proprietary tumor-activation technology but also sets a new standard for antibody-based immunotherapy products. The collaboration focuses on creating masked T-cell engagers designed to improve patient outcomes while minimizing systemic side effects.
Xilio's Innovative Approach
Xilio Therapeutics has pioneered a proprietary platform that enables the development of tumor-activated biologics. This cutting-edge approach incorporates unique components to achieve tumor-selective activation, tailoring the therapeutic response specifically to the tumor microenvironment. The company's pipeline boasts a range of novel, clinically and preclinically tested immunotherapies, emphasizing masked multispecific molecules that enhance targeted treatment outcomes.
Commitment to Advancing Cancer Treatment
AbbVie has been steadfast in its commitment to advancing research and development in oncology. According to Theodora S. Ross, M.D., Ph.D., vice president of early oncology research and development at AbbVie, this collaboration highlights the company's dedication towards innovative immunotherapy approaches. The goal is to create next-generation cancer treatments that are more effective and accessible for patients facing serious health challenges.
How the Agreement Works
As part of their collaboration agreement, Xilio will receive $52 million upfront, which includes a significant equity investment. Furthermore, the company stands to gain up to approximately $2.1 billion through additional option-related fees, milestone payments, and tiered royalties. This financial backing is crucial for Xilio as it seeks to enhance its technology and bring new therapeutic options to the market.
Conference Call Information
Xilio is set to host an investor conference call today, sharing insights about their recent developments and the collaboration with AbbVie. During the call, listeners can expect to learn more about the innovative directions that both companies are pursuing in the field of immunotherapy.
About AbbVie
AbbVie is on a mission to discover and deliver groundbreaking solutions to address various health issues. Focused on several critical therapeutic areas such as immunology, oncology, and neuroscience, AbbVie strives to enrich people’s lives. Their approach involves a robust pipeline of research-driven therapies aimed at making a significant impact on patients' health.
About Xilio Therapeutics
Xilio Therapeutics is dedicated to developing cutting-edge immuno-oncology therapies that target tumor-specific characteristics. By leveraging its proprietary platform, the company aims to introduce novel therapies designed to optimize efficacy while minimizing side effects for patients battling cancer. Their commitment to innovation is reflected in their expanding pipeline of promising therapeutics.
Frequently Asked Questions
What is the focus of the AbbVie and Xilio collaboration?
The collaboration aims to develop tumor-activated immunotherapies, particularly masked T-cell engagers, which are designed to provide targeted treatment with fewer side effects.
What financial support does Xilio receive under this agreement?
Xilio will receive $52 million in upfront payments, including a $10 million equity investment, and could earn up to approximately $2.1 billion in total contingent payments.
What does Xilio's proprietary platform involve?
Xilio's platform focuses on tumor-activated biologics designed to selectively activate therapies within the tumor microenvironment, thereby reducing systemic adverse effects.
When is the Xilio investor conference call?
The Xilio investor conference call is scheduled to occur today at 8:30 am EST, where details regarding their ongoing projects will be discussed.
What are AbbVie's main therapeutic focuses?
AbbVie primarily focuses on areas like immunology, oncology, neuroscience, and eye care, aiming to address serious health issues through innovative solutions.
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