"We are pleased to partner with Aditum Bio, a highly innovative venture capital firm established by pharma industry leaders with deep drug development experience," said Jonathan Wang, PhD, Chief Executive Officer of Inmagene. "The formation of Celexor, based on IMG-018, has demonstrated Inmagene's strengths in discovering innovative and differentiated drug candidates."

"Aditum Bio's unique incubator model enables us to accelerate the development of novel medicines, and we look forward to bringing this promising therapy to patients in need," said Joe Jimenez, Co-Founder and Managing Director of Aditum Bio. 

Under the terms of the agreement, Inmagene will be paid an upfront fee and is eligible to receive up to $287 million in development and sales milestone payments, as well as royalties on future product sales. In addition, Inmagene will be granted an equity stake in Celexor Bio.