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CSPC Pharma Out-Licenses Claudin18.2 ADC in Deal with $1 Billion in Commercial Milestones

publication date: Jul 28, 2022

CSPC Pharma out-licensed global rights (ex-China) for its antibody drug conjugate targeting Claudin18.2 to Elevation Oncology of New York City. CSPC will receive a $27 million upfront payment, up to $148 million in development and regulatory milestones, and as much as $1 billion in commercial milestone payments, plus royalties on net sales. CSPC is conducting a China Phase I dose escalation trial of EO-3021 in patients with gastric and pancreatic cancers, and Elevation plans to start a similar trial in the US next year. CSPC is headquartered in Shijiazhuang, Hebei Province. More details....

Stock Symbol: (HK: 01093)

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