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Zai Lab In-Licenses Cervical Cancer ADC from Seagen for $30 Million Upfront

publication date: Sep 27, 2022

Shanghai Zai Lab formed a collaboration with Seattle’s Seagen to develop a novel treatment for cervical cancer in China. Tivdak® (tisotumab vedotin-tftv) is the only ADC approved in the US for metastatic/recurrent cervical cancer with disease progression. Zai Lab will make a $30 million upfront payment and be responsible for unspecified milestones and royalties. The drug was co-developed by Seagen and Copenhagen’s Genmab, which are conducting a confirmatory Phase III trial. The two companies will split all China revenues 50/50. More details....

Stock Symbols: (NSDQ: ZLAB; HKEX: 9688) (NSDQ: SGEN)

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