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Athenex Out-Licenses China Rights to Keratosis/Oncology Drug for $29.5 Million

publication date: Jan 4, 2019

Athenex, a US-China company, out-licensed China commercialization rights for KX2-391, an actinic keratosis/oncology treatment, to Chongqing Jingdong Junzhuo Pharma. Athenex will receive an upfront payment of $14.5 million and milestones of up to $15 million, plus tiered royalties starting at 15%. KX2-391 is a first-in-class dual Src kinase and tubulin polymerization inhibitor; KX2-391 ointment is a topical treatment for actinic keratosis in Phase III development. Athenex will be responsible for China development of the products; Jingdong will be in charge of commercialization. More details....

Stock Symbol: (NSDQ: ATNX)

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