BioArctic’s partner AbbVie exercises its option to license the alpha-synuclein antibody portfolio for Parkinson’s Disease
Stockholm, Sweden, November 2, 2018 – BioArctic AB (publ) (Nasdaq Stockholm: BIOA B) announced today that the company has received a Notice of Option Exercise under the Research, Development, Option and License Agreement dated as of September 15, 2016 between AbbVie (NYSE: ABBV) and BioArctic. The option is subject to filing and clearance under the US Antitrust legislation. BioArctic and AbbVie, a global biopharmaceutical company, in 2016 entered into a strategically important collaboration to develop and commercialize BioArctic’s portfolio of antibodies directed against alpha-synuclein