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3SBio and Sorrento Therapeutics Form $10 Million China JV for CAR-T Drugs

publication date: Jun 7, 2016
3SBio of Shenyang and Sorrento Therapeutics, a US-China biopharma, formed a joint venture to develop CAR-T drugs in China. 3SBio will invest $10 million in the JV, and Sorrento will contribute China rights to its clinical-stage CAR-T cancer treatment and two other CAR-T therapies. 3SBio will own 51% of the JV, with the remainder belonging to Sorrento. The agreement will be carried out between 3SBio's subsidiary, Shenyang Sunshine Pharmaceutical, and Sorrento's China subsidiary, TNK Therapeutics. More details....

Stock Symbols: (HK: 1530) (NSDQ: SRNE)

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