AbbVie additional expands IBD drug pipeline with $250 million acquisition of Celsius Therapeutics
AbbVie has inflammatory bowel illness coated with blockbuster medication now in the marketplace and extra drug candidates in medical improvement. The pharmaceutical large is diversifying its IBD prospects and gaining one other candidate by means of the acquisition of Celsius Therapeutics, a clinical-stage startup whose lead program presents a special strategy to treating irritation.
Beneath the phrases of the deal, which was introduced late final week, AbbVie acquired all excellent shares of privately held Celsius for $250 million in money.
Celsius' lead program, CEL383, is an antibody designed to dam TREM1, a protein that performs a job in amplifying irritation. This protein, which is expressed on sure immune cells, is upstream of different recognized inflammatory pathways and acts as an amplifier of irritation, the businesses stated. In preclinical analysis, Cambridge, Mass.-Celsius reported that its drug inhibited TREM1 signaling. Final yr, a Section 1 trial in inflammatory bowel illness (IBD) started. AbbVie's acquisition announcement notes that the Section 1 medical trial has been accomplished, however no particulars of the outcomes had been disclosed.
“Given the potential relevance of TREM1 as a key driver of irritation and pathology in IBD and different circumstances, we’re desperate to advance the event of CEL383 with the purpose of serving to extra sufferers with IBD obtain remission,” stated AbbVie Vice President, World Head of Immunology Scientific Improvement, Kori Wallace, stated in a ready assertion.
CEL383 was found and developed utilizing Celsius’ platform expertise, which allows single-cell evaluation of medical samples. Evaluation of cells permits the startup to raised perceive mobile interactions that drive illness. Celsius was based by enterprise capital agency Third Rock Ventures, launching in 2018 with $65 million in backing. The corporate final raised cash in 2022, extending its Collection A spherical and shutting a Collection B financing totaling $83 million. Along with immunology, the startup has additionally utilized its expertise to most cancers drug discovery.
The accepted indications for AbbVie’s blockbuster antibody drug Humira embrace ulcerative colitis and Crohn’s illness, two varieties of IBD. The corporate’s Rinvoq, a small molecule that blocks pro-inflammatory proteins referred to as Janus kinases, additionally has approvals in each indications. AbbVie’s antibody drug Skyrizi lately acquired regulatory approval for ulcerative colitis, following an FDA approval in 2022 for Crohn’s illness.
AbbVie's acquisition of Celsius follows two different latest enterprise offers to strengthen the IBD drug pipeline. Two weeks in the past, AbbVie licensed the rights to a FutureGen antibody in preclinical improvement for IBD. This drug candidate, FG-M701, targets a goal referred to as TL1A. It's a aggressive goal, as Merck, Sanofi and Roche have all signed enterprise offers for TL1A medical focusing on assets.
AbbVie is tackling IBD in one more approach with a drug candidate from Landos Biopharma, whose small molecule targets NOD-like receptor X1, or NLRX1, which modulates inflammatory proteins within the gastrointestinal dysfunction. AbbVie acquired Landos earlier this yr for $137 million upfront.
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