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Cytovant of China Enters $1 Billion Deal for Four Medigene Immunotherapies

publication date: Apr 4, 2019

Cytovant Sciences, a China cell therapy startup, announced a $1 billion partnership with Germany's Medigene to develop four of Medigene's T cell immunotherapy products in China. Cytovant paid $10 million upfront for the products, and agreed to make up to $1 billion plus in milestone payments. Cytovant, headquartered in Hong Kong, is one of the "vant" companies formed by US-based Roivant around a specific purpose. Last year, Roivant formed Sinovant to develop 11 drug candidates in China. More details....

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