On January 8, Calypso Biotech announced it has entered into a definitive agreement with Novartis Pharma, under which Novartis will acquire Calypso Biotech. According to the agreement, Novartis will pay an upfront payment of $250 million and up to $175 million in development milestone payments. Calypso Biotech’s leading candidate, CALY-002, is a potential best-in-class therapeutic antibody that binds and neutralizes IL-15. This acquisition gives Novartis full rights to CALY-002. Novartis plans to further explore CALY-002 across various autoimmune indications.
CALY-002 is a monoclonal antibody drug developed by Calypso Biotech BV. It specifically targets IL-15, a protein involved in immune system regulation. The therapeutic areas that CALY-002 aims to address include immune system diseases, digestive system disorders, endocrinology and metabolic diseases, as well as hemic and lymphatic diseases. The candidate is currently being evaluated in a Phase Ib trial in patients with celiac disease and eosinophilic esophagitis. Click the image below to directly embark on the exploration journey with the CALY-002!
Calypso Biotech BV is a biomedicine organization founded in 2013 and based in the Netherlands. It has focused on the development of drugs in therapeutic areas such as digestive system disorders, hemic and lymphatic diseases, immune system diseases, and endocrinology and metabolic diseases. The organization has developed drugs targeting specific molecules such as MMP9 and IL-15, indicating its interest in addressing conditions where these molecules play a significant role. While Calypso Biotech BV has made progress in drug development, with one drug in Phase 1, it is still in the early stages of the pipeline and has not yet obtained regulatory approval for any of its products.
Calypso Biotech was spun out from Merck Serono in March 2013 and focuses on the research and development of monoclonal antibodies for a range of autoimmune indications, with specialized knowledge in IL-15 biology. IL-15 is a broad, underexploited immune axis that controls barrier function and downstream immune cascades in many chronic autoimmune diseases.
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