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Innovent Enters $95 Million Agreement to In-License Gout Treatment

publication date: Dec 15, 2022

Suzhou Innovent in-licensed China rights to a gout treatment from Korea’s LG Chem Life Science in a $95 million agreement. LG Chem's Tigulixostat is a novel non-purine xanthine oxidase inhibitor aimed at management of chronic hyperuricemia in gout disease patients. In a US Phase II trial, the candidate showed efficacy for sUA lowering and a good safety profile as a first-line therapy. Innovent will make a $10 million upfront payment to LG Chem, and it will be responsible for $85.5 million in milestones, plus royalties. More details....

Stock Symbol: (HKEX: 01801)

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