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China's iPharma in $120 Million Deal for Mologen's Immunotherapy Candidate

publication date: Dec 6, 2015

China's iPharma signed a binding term sheet to in-license Greater China rights for a clinical-stage immunotherapy candidate from Mologen (F: MGN) of Berlin. The deal could be worth up to $120 million plus royalties. iPharma is an in-licensing joint venture formed by I-Bridge Capital of China and BioLineRx (NSDQ/TASE: BLRX), an Israeli pharma. iPharma will own China rights to Mologen's lead asset, lefitolimod, which is currently in a Phase III trial for colorectal cancer and a Phase II trial for lung cancer.

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