I-Mab, Ferring team up to develop olamkicept for inflammatory bowel disease

Jun. 09, 2022 8:07 AM ETI-Mab (IMAB)By: Ravikash, SA News Editor

Business agreement

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  • Switzerland-based Ferring Pharmaceuticals said it entered a strategic collaboration with China's I-Mab (NASDAQ:IMAB) to further develop olamkicept in inflammatory bowel disease (IBD) and related inflammatory conditions.
  • Financial details were not undisclosed, as per the June 9 press release.
  • Ferring noted that it in 2016 it granted I-Mab exclusive rights to develop and commercialize olamkicept in Greater China and South Korea.
  • The new collaboration enables Ferring to invest in the development of olamkicept globally and provides an option for I-Mab to partner with Ferring in the future development of olamkicept at a pre-defined development milestone, said the company.

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