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Bio-Thera Out-Licenses Ex-China Rights for Avastin Biosimilar to Sandoz

publication date: Sep 8, 2021

Bio-Thera Solutions out-licensed US, EU and Canadian commercial rights for its Avastin biosimilar to Sandoz. Sandoz will also have rights in most other countries not already assigned. In 2020, Bio-Thera filed BLAs for BAT1706 in these countries, plus China. Financial details of the agreement were not disclosed but, last year, Bio-Thera out-licensed China rights for the candidate to BeiGene in a $165 million deal. It also out-licensed emerging market rights to India's Cipla. Bio-Thera is headquartered in Guangzhou. More details....

Stock Symbols: (SHA: 688177)

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