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Yuhan Forms $10 Million Cancer Immune Checkpoint JV with Sorrento Therapeutics

publication date: Mar 3, 2016
Yuhan, a South Korean pharma, has formed a JV with San Diego's Sorrento Therapeutics (NSDQ: SRNE) to develop several Sorrento immune checkpoint antibodies. Yuhan will invest $10 million and own 51% of the JV. Initially, the JV, called ImmuneOncia, will own global rights (excepting the US, Europe and Japan) to one Sorrento drug candidate. The JV will later select two additional Sorrento candidates from a list. Sorrento is developing biosimilar and biobetter antibodies for cancer, inflammation and autoimmune diseases along with clinical-stage CAR-T therapies as treatments for solid tumors. More details....

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