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Anti-IL-6 MAb goes into Phase IIb
June 20, 2011
By: Tim Wright
Editor-in-Chief, Contract Pharma
Alder Biopharmaceuticals will receive a $15 million milestone payment from Bristol-Myers Squibb for the initiation of a Phase IIb clinical trial in rheumatoid arthritis for ALD518/BMS-945429, an investigational antibody therapeutic that blocks interleukin-6 (IL-6). The milestone payment is part of the Alder/BMS collaboration that was formed in 2009 for the development of ALD518/BMS-945429. Alder granted to BMS worldwide exclusive rights to develop and commercialize ALD518/BMS-945429 for all pot...
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