Did you know?

ChinaBio® Group is a consulting and advisory firm helping life science companies and investors achieve success in China. ChinaBio works with U.S., European and APAC companies and investors seeking partnerships, acquisitions, novel technologies and funding in China.  

Learn more >>

Free Newsletter

Have the latest stories on China's life science industry delivered to your inbox daily or weekly - free!

See preview >>

  Email address:
   

Everest Returns Greater China Rights for Trodelvy to Gilead for $455 Million

publication date: Aug 16, 2022

Shanghai Everest Medicines (returned rights for Trodelvy® (sacituzumab govitecan) to Immunomedics, now a subsidiary of Gilead Sciences, in an agreement worth up to $455 million. In 2009, Everest acquired rights to the Trop-2 ADC candidate in a $835 million deal ($65 million upfront). Two months ago, Everest was approved to launch Trodelvy in China as a third-line therapy for metastatic triple-negative breast cancer (TNBC). Everest will receive $280 million in upfront payments and up to $175 million in future milestones. The company will be released from paying $710 million in remaining milestones under the Immunomedics deal, indicating Everest has paid $155 million to Immunomedics/Gilead to date. More details....

Stock Symbols: HK: 1952) (NSDA: GILD)

Share this with colleagues:  


This article is available for purchase - please click here for details.

Sorry this page is available to subscribers only.
If you're not a subscriber why not subscribe today?

If you are already a subscriber, please login.

If you believe you should have received this message in error, please contact us.


 

To gain access to the members only content click here to subscribe.

You will be given immediate access to premium content on the site.

Upcoming Events

ChinaBio® Partnering Forum
September 10–11, 2024 | Shanghai, China
Register here

BIO-Europe®
November 4–6, 2024 | Stockholm, Sweden
Save €900 before September 13!
Register here

Biotech Showcase™
January 13–15, 2025 | San Francisco, CA
Save $600 before September 27!
Other Relevant Events

Antibody Engineering & Therapeutics Asia
October 21–23, 2024 | Kyoto, Japan
Save 30% with code CHINABIO30!
Register here