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Alphamab Forms $615.5 Million Drug Development Pact with ArriVent

publication date: Jun 6, 2024

Suzhou Alphamab Oncology announced a deal with ArriVent BioPharma, a Philadelphia area biotech, to use its linker-payload (Alphatecan) and glycan-conjugation platforms to discover antibody drug conjugates for ArriVent. Alphamab will receive an unspecified upfront payment and potential milestones of up to $615.5 million, plus royalties. Jiangsu Alphamab BioPharma, an Alphamab Oncology subsidiary, will retain Greater China rights to the ADC products. Founded in 2008, Alphamab is currently advancing more than 30 active projects, including biosimilars, novel mAbs and engineered version of mAbs and proteins. More details....

Stock Symbols: (HK: 9966) (NSDQ: AVBP)

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