Novo Nordisk has said will be gaining exclusive worldwide rights to United Laboratories International’s investigational triple receptor agonist in a deal worth up to $2bn.
The candidate, UBT251, is a long-acting synthetic peptide triple agonist targeting the receptors for (GLP-1), gastric inhibitory polypeptide (GIP) and glucagon, and is currently in early-stage clinical development for type 2 diabetes, obesity and other diseases.
The licence agreement gives Novo the rights to develop, manufacture and commercialise UBT251 everywhere except Chinese mainland, Hong Kong, Macau and Taiwan, where United Laboratories’ subsidiary, United Biotechnology, will retain these rights.
In exchange, United Biotechnology is eligible to receive an upfront payment of $200m and potential milestone of up to $1.8bn, as well as tiered royalties.
Martin Holst Lange, executive vice president for development at Novo, said: “The addition of a candidate targeting glucagon, as well as GLP-1 and GIP, will add important optionality to our clinical pipeline, as we look to develop a broad portfolio of differentiated treatment options that cater to the diverse needs of people living with these highly prevalent diseases.
“We look forward to building on United Biotechnology’s scientific work and further exploring the potential best-in-class properties of UBT251 across cardiometabolic disease indications.”
United Biotechnology recently completed a phase 1b trial of multiple subcutaneous injections of UBT251 in China in individuals who are obese or overweight, and has initiated a phase 2 trial for the drug in this indication.
In the highest dose group of the phase 1b study, the average weight of UBT251-treated patients decreased by 15.1% from baseline, compared to an increase of 1.3% in the placebo group, and the safety profile of the candidate was shown to be consistent with incretin-based therapies.
Tsoi Hoi Shan, chairman of United Laboratories, said Novo “holds a strong position in the treatment of chronic diseases”, adding that its “expertise will play a key role in accelerating the global development of UBT251”.
The deal comes just three weeks after Novo Nordisk and Gensaic
entered
into a partnership worth up to $354m to develop new therapies for cardiometabolic diseases.
The licence and discovery collaboration will utilise Novo’s drug development experience and Gensaic’s protein design technology, and will focus on discovering tissue targeting ligands and developing new therapeutic candidates to treat cardiometabolic diseases via undisclosed targets.