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AbbVie, Alvine To Develop Celiac Therapy

AbbVie gains option to acquire ALV003 assets or equity

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By: Tim Wright

Editor-in-Chief, Contract Pharma

AbbVie and Alvine Pharmaceuticals have entered into a global collaboration to develop an oral treatment for celiac disease. ALV003, currently in Phase II development, is an investigational therapy composed of two recombinant, gluten-specific enzymes, and has been shown to reduce the symptoms and intestinal injury associated with celiac disease.   AbbVie will make an initial upfront payment of $70 million for an exclusive option to either acquire the ALV003 assets, or gain equity in the company. ...

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