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Simcere Out-Licenses Autoimmune Candidate to Almirall in $507 Million Deal

publication date: Sep 29, 2022

Simcere Pharma of Nanjing announced a $507 million out-licensing to Spain’s Almirall for ex-China rights to a biologic autoimmune candidate. SIM0278 in an IND-ready interleukin 2 mutant fusion protein (IL-2 mu-Fc) that activates regulatory T cells developed by Simcere's protein engineering platform. Almirall, a dermatology biopharma, will make a $15 million upfront payment to Simcere and up to $492 million in milestones, plus royalties. Almirall will have rights for all indications outside of Greater China. For Almirall, probable indications are skin diseases, including psoriasis, atopic dermatitis and alopecia areata. More details....

Stock Symbols: (HK: 2096) (BME: ALM)

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