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Eleven Biotherapeutics Announces Signing of Exclusive License Agreement

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Additional Information

Additional Relevant Details Eleven Biotherapeutics, Inc. (NASDAQ:EBIO), a biopharmaceutical company discovering and developing protein therapeutics to treat diseases of the eye, today announced that it has entered into an exclusive license agreement with F. Hoffmann-La Roche Ltd. and Hoffmann-La Roche Inc. (Roche) relating to Eleven's Interleukin-6 (IL-6) technology. Under the terms of the agreement, Eleven has agreed to grant an exclusive, worldwide license to Roche to develop and commercialize EBI-031, a humanized monoclonal antibody that potently binds IL-6 and inhibits all known forms of IL-6 cytokine signaling, currently being developed for the potential treatment of ocular diseases, and all other IL-6 antagonist antibody technology owned by Eleven.
http://ir.elevenbio....
Slingshot Insights Explained
Strategic Initiative Date
Announcement Date:
Jun 13, 2016
Projected Implementation:
Q2, 2016
Relevance Tracked Until:
Q4, 2016
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Related Keywords Ebi-031, Il-6 Cytokine Signaling, Humanized Monoclonal Antibody