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Fosun Forms $95 Million China CAR-T JV with Kite Pharma

publication date: Jan 10, 2017
Shanghai Fosun Pharma formed a JV with Santa Monica's Kite Pharma to develop Kite's CAR-T immuno-oncology drug in China. Axicabtagene ciloleucel (KTE-C19), has completed clinical development in the US and Europe to treat B-cell lymphomas. Fosun will pay $40 million to Kite upfront and as much as $35 million in milestones. It will also provide $20 million for China development costs. The JV will also have an option for additional Kite products, including two T cell receptor candidates. More details....

Stock Symbols: (SHA:600196; HK:02196) (NSDQ: KITE)

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