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  • ABL licenses out its tech to big pharmas worth ₩350B
  • by Cha, Jihyun | translator Alice Kang | Apr 8, 2025 05:57am
Licenses out its technology to big pharma one after another... Accumulated technology fee amounts to KRW 350 billion
Signs multiple drug development contracts for degenerative brain diseases, advance payment, and short-term milestones worth KRW 148.1 billion
Transferred ABL301 to Sanofi for a total of KRW 1.47 trillion, receiving a cumulative total of USD 125 million
ABL Bio has signed a licensing-out agreement worth KRW 70 billion in advance payments (upfront). This is the company's 7th licensing-out agreement and its first platform deal. Including this contract, the cumulative technology fee ABL Bio earned through technology exports is close to KRW 350 billion.

According to the Financial Supervisory Service on the 7th, ABL Bio signed a technology export contract with the multinational pharmaceutical company GlaxoSmithKline (GSK) on the 5th for the BBB shuttle platform ¡®Grabbody-B' for the development of new treatments for degenerative brain diseases. This is the first time that ABL Bio has exported a platform, not a candidate substance.

This contract aims to develop mult
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