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Laekna Acquires Global Rights to Novartis Clinical-Stage PD-L1

publication date: Mar 24, 2020

Laekna Therapeutics Shanghai acquired global rights to Novartis' anti-PD-L1 antibody (FAZ053), the third deal between Laekna and Novartis. In a Phase I trial, FAZ053 demonstrated a tolerable safety profile and clinical efficacy in diverse solid tumors. Laekna plans new trials that combine the PD-L1 with chemotherapies. Previously, Laekna in-licensed global rights from Novartis to a small-molecule tumor treatment, and two oral AKT pan inhibitors. Laekna also conducts R&D on its own in-house projects. In 2019, the company completed a $27.5 million B financing, led by GP Healthcare.

Stock Symbol: (NYSE: NVS)

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