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Sino Biopharma Signs Deal to Develop Two Novel Ambrx Biologics in China

publication date: Jan 13, 2020

Sino Biopharma of Beijing partnered with San Diego's Ambrx to develop two new Ambrx-discovered biologic products for cancer. Sino Bio will make an unspecified upfront payment to Ambrx and will also be responsible for developing the products to IND. Ambrx is eligible to receive additional milestone payments and tiered royalties on sales. Sino Bio will have rights to develop the products in China. Ambrx discovers next-gen biologics using its Protein Medicinal Chemistry™ platform to develop long-acting proteins, bi-specifics and antibody drug conjugates. Additional details were not released. More details....

Stock Symbol: (HK: 1177)

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