Friday, January 2, 2026

Power Alley '26: Two Major Names Decided To In-License Oncology Candidates In December 2025...


We have been particularly impressed with Gilead for the past several years, between Hep C and COVID related wins, but we've been a little more cautious about the Abbott spinoff called AbbVie.

I expect to be more bullish on AbbVie in 2026, as it continues to show both its R&D savvy, and deal-doing expertise. Here's the latest from Fierce, on each of them:

. . .AbbVie and Gilead Sciences each used the holiday season to reward their pipelines with a new clinical-stage cancer drug.

Zejing Biopharmaceutical unwrapped a $100 million upfront payment from AbbVie in return for the option to license alveltamig, also known as ZG006, outside of China. Zejing has been evaluating the DLL3-targeting trispecific T-cell binder in late-stage trials for “cellular lung cancer and other DLL3-expressing malignancies,” according to Zejing’s filing with the Shanghai stock exchange. . . .

Under the Dec. 30 agreement, AbbVie will hand over another $60 million if it takes up its ex-China license option, while milestone payments tied to the alveltamig program could potentially reach $1.07 billion. . . .


Now you know -- off to the art museums here. . . out, into the sunshine. Grin -- with my Oregon Ducks set to play Indiana in a week's time. Woot!

नमस्ते

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