Ligelizumab is a Monoclonal Antibody owned by Novartis, and is involved in 16 clinical trials, of which 13 were completed, and 3 are ongoing.
Ligelizumab is an anti-IgE antibody. The therapy is based on IgG1 antibodies that bind to free IgE and to membrane-bound IgE on B cells, but not to IgE bound by the high-affinity IgE. Cross-bridging of IgE molecules on mast cells and basophils by protein allergens results in their activation, with release of preformed mediators such as histamine, and increased synthesis of lipid mediators such as prostaglandins and cysteinyl-leukotrienes. Release of mast cell mediators results in bronchoconstriction and plasma exudation.
The revenue for Ligelizumab is expected to reach a total of $990m through 2038. This change impacts the valuation of this asset and is an important factor to understand the current value of the drug in a clinical process. View the complete picture with the Ligelizumab NPV Report.
Ligelizumab was originated by Tanox and is currently owned by Novartis.
Ligelizumab (QGE-031) is under development for the treatment of severe allergic diseases such as peanut allergy, food allergy and inducible urticaria (IU). It is administered by subcutaneous route. The drug candidate is an anti-IgE antibody. It was also under development for the treatment of allergic asthma, chronic spontaneous urticaria (CSU), atopic dermatitis and bullous pemphigoid. It is a new molecular entity (NME).
Novartis is a healthcare company that focuses on the discovery, development, manufacture and marketing of prescription and generic pharmaceutical products and eye care products. It provides drugs for the treatment of cancer, cardiovascular diseases, dermatological conditions, neurological disorders, ophthalmic and respiratory diseases, immune disorders, and infections, among others. The company offers generic medicines and biosimilars through Sandoz. Novartis conducts research in various disease areas through The Novartis Institutes for BioMedical Research (NIBR). The company operates through a network of subsidiaries and offices across the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Novartis is headquartered in Basel, Switzerland.
The company reported revenues of (US Dollars) US$52,877 million for the fiscal year ended December 2021 (FY2021), an increase of 6% over FY2020. In FY2021, the company’s operating margin was 22.1%, compared to an operating margin of 20.3% in FY2020. In FY2021, the company recorded a net margin of 45.4%, compared to a net margin of 16.2% in FY2020. The company reported revenues of US$12,842 million for the third quarter ended September 2022, a decrease of 1.9% over the previous quarter.
Quick View – Ligelizumab
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