Tizona Lands AbbVie Cancer R&D Deal As New CEO Takes Control
• By Sten Stovall
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California-based Tizona has begun 2019 by installing a new CEO and winning a lucrative early-stage R&D pact with AbbVie aimed at commercializing cancer therapies targeting the immune system-suppressing enzyme CD39.
Tizona and AbbVie hope to develop and commercialize CD39-targeted therapeutics • Source: Shutterstock
Privately-held biopharma Tizona Therapeutics Inc. got its New Year off to a good start by unveiling an early-stage cancer R&D collaboration with AbbVie Inc. by which the San Francisco-based biotech will receive a $105m upfront cash payment plus an equity injection from the big pharma.
News of the R&D pact - aimed at inhibiting the activity of CD39 - coincides with the arrival at Tizona...
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