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Beijing Tide Out-Licenses Ex-China Rights to Fibrosis Therapy in $518 Million Deal

publication date: Mar 17, 2021

Beijing Tide Pharma. a subsidiary of Sino Biopharmaceutical, out-licensed ex-China rights for a fibrosis therapy to Graviton Bio of New York in a deal worth up to $517.5 million. TDI01 is a targeted inhibitor of Rho/Rho containing protein kinase 2 (ROCK2). In 2020, the candidate was approved to start Phase I clinical trials to treat fibrosis in China and the US. Graviton expects to expand development of TDI01 to include CNS, preclinical cancer and viral disease indications. More details....

Stock Symbol: (HK: 1177)

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