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Abbisko Out-Licenses Precision EGFR-TKI Medicine to Allist in $188 Million Deal

publication date: Mar 2, 2023

Shanghai Abbisko Therapeutics out-licensed Greater China rights to a pre-clinical EGFR-TKI candidate for NSCLC to Shanghai Allist Pharma in a $188 million agreement. ABK3376 is a third-gen EGFR targeting drug designed to inhibit L858R activating mutation or exon 19 deletion mutation with acquired C797S mutation. Because the candidate can cross the blood-brain barrier, it is also expected to be effective against brain metastases. Allist is already commercializing Abbisko’s furmonertinib, an approved NSCLC drug in China. Allist also has a time-limited option for worldwide expansion of territorial rights for ABK3376. More details....

Stock Symbols: (HK: 02256) (SHA: 688578)

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