Vor Bio announced on June 25, 2025, a transformative strategic shift by entering into an exclusive global license agreement with RemeGen Co., Ltd. This agreement grants Vor Bio rights outside Greater China to develop and commercialize telitacicept, a novel dual-target fusion protein already approved in China for generalized myasthenia gravis (gMG), systemic lupus erythematosus (SLE), and rheumatoid arthritis (RA).
Under the terms of the agreement, Vor Bio will pay RemeGen an initial $125 million, consisting of an upfront payment of $45 million in cash and $80 million in warrants to purchase common stock. The deal also includes potential regulatory and commercial milestones exceeding $4 billion, in addition to tiered royalties, highlighting the significant potential of the asset.
Concurrently with this strategic pivot, Vor Bio's Board of Directors appointed Jean-Paul Kress, M.D., as the new Chief Executive Officer and Chairman of the Board, effective immediately. Dr. Kress, a seasoned biopharma leader, replaces Dr. Robert Ang, who will transition to a strategic advisor role. This leadership change and new asset acquisition signal a complete reorientation of the company's focus towards autoimmune disease treatment.
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