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flag Biogen acquires exclusive rights to Vanqua Bio’s oral C5aR1 inhibitor for inflammatory diseases, paying $70M upfront and up to $990M in milestones.

flag Biogen has acquired exclusive global rights to Vanqua Bio’s preclinical oral C5aR1 antagonist, a potential treatment for inflammatory diseases, under a deal announced October 24, 2025. flag The compound targets a key immune pathway involved in neutrophil-driven inflammation, with promising preclinical results and a safety profile supporting clinical development. flag Biogen plans to advance the program toward an expected 2027 Investigational New Drug filing. flag The company will lead all development, manufacturing, and commercialization, while Vanqua Bio receives $70 million upfront, up to $990 million in milestones, and royalties. flag The upfront payment will be recorded as an R&D expense in Biogen’s Q4 2025 results. flag Vanqua will use the funds to further its neurodegenerative disease programs, particularly Parkinson’s research. flag The move strengthens Biogen’s immunology pipeline with a first-in-class oral therapy applicable to multiple immune-mediated conditions.

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