AbbVie Bails On Harpoon’s Multiple Myeloma Drug Amid Highly Competitive Environment

Harpoon said it plans to complete the Phase I study of its anti-BCMA immuno-oncology agent HPN217 and use the data to support the next phase of development for the drug.

AbbVie decided not to exercise its option for Harpoon's multiple myeloma drug candidate • Source: Shutterstock

Harpoon Therapeutics’s BCMA-directed T-cell engager candidate for multiple myeloma faces a murky path ahead following a decision by partner AbbVie Inc. not to move forward with the asset, amid a market for anti-BCMA drugs that has become increasingly crowded.

The South San Francisco, CA-based biotech company said 13 September that AbbVie had decided not to exercise its exclusive license...

Scrip Podcast

Keep up with the top pharma business news of the week. On the go.

Scrip brings you a weekly bulletin of top picks.

More from Immuno-oncology

More from Anticancer