AbbVie partners with Xilio to develop targeted cancer immunotherapies, investing $52M upfront.

AbbVie and Xilio Therapeutics have partnered to develop new cancer treatments, focusing on tumor-activated immunotherapies. Xilio will receive $52 million upfront, including a $10 million investment, and could earn up to $2.1 billion more in milestone payments. The collaboration leverages Xilio's tumor-activation technology to create next-generation immunotherapies, including T-cell engagers, which are designed to improve safety and effectiveness by activating only in tumors.

6 weeks ago
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