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BioAtla and Sinobioway Select Four Drug Candidates: Deal Now Worth $100+ Million

publication date: Dec 6, 2016
BioAtla, a San Diego-Beijing biotech, reported that it has now received over $100 million from Sinobioway of Beijing in a deal that grants Sinobioway greater China rights to four BioAtla drug candidates. The two companies made a final selection of four molecules (which were not disclosed) to include in the collaboration, triggering a $35 million payment that put the deal value over $100 million. Previously, Sinobioway had paid $70 million that included an investment and an upfront payment. BioAtla is developing a portfolio of Conditionally Active Biologic antibody therapeutics, which remain encapsulated until they are released in specific microenvironments. More details....

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