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Stock impact report

TEVA Signs Deal With RPRX to Accelerate Development of Vitiligo Drug [Yahoo! Finance]

Royalty Pharma plc - Class A Ordinary Shares (RPRX) 
US:NASDAQ Investor Relations: ir.reprosrx.com/investor-relations
Company Research Source: Yahoo! Finance
accelerate the development of Teva's anti-IL-15 antibody, TEV-'408. IL-15 plays a central role in driving multiple immune-mediated disease pathways. The candidate is currently in early-stage development for vitiligo and other autoimmune diseases. Royalty Pharma's $500 million commitment includes $75 million in R&D co-funding for a phase IIb vitiligo study expected to begin in 2026, with an option to invest a further $425 million to co-fund phase III development pending phase IIb results. If the drug is eventually approved and commercialized, Teva will pay Royalty Pharma a milestone payment and ongoing royalties on global net sales. Teva has strengthened its immunology pipeline through a strategic collaboration with Royalty Pharma, which significantly de-risks and accelerates the development of TEV-'408 for vitiligo. The partnership provides substantial non-dilutive funding to Teva, enabling faster clinical progression and positioning the company to move more efficiently through mi Show less Read more
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