trending Market Intelligence /marketintelligence/en/news-insights/trending/BKu8S5Zae1NaRmfaM2udOQ2 content esgSubNav
In This List

Kaken gets license to market Corbus' autoimmune disease drug in Japan for $27M

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Global M&A by the Numbers: Q2 2022

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Infographic 2022 Top Tech Trends Shaping Corporations


Kaken gets license to market Corbus' autoimmune disease drug in Japan for $27M

Kaken Pharmaceutical Co. Ltd. entered an agreement to develop and commercialize Corbus Pharmaceuticals Holdings Inc.'s treatment for two rare and serious autoimmune diseases in Japan.

Tokyo-based Kaken Pharmaceutical make an up front payment of $27 million to Corbus for an exclusive license to commercialize and market lenabasum in Japan for systemic sclerosis and dermatomyositis.

Dermatomyositis, which affects about 9,000 people in Japan, causes a skin rash and weakens muscles over time. Patients with systemic sclerosis suffer from thickening of skin and injuries to small arteries, and the disease affects 28,000 people in Japan.

Norwood, Mass.-based Corbus Pharmaceuticals will also be eligible to receive up to $173 million upon achievement of certain regulatory, development and sales milestones as well as double-digit royalties.

Lenabasum has been granted an orphan drug designation in the U.S. and EU for treating dermatomyositis.