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CS Pharma Acquires China Rights to Fibrosis Drug in $336 Million Agreement

publication date: Jan 31, 2023

CS Pharmaceuticals, a London company with offices in Beijing and Shanghai, entered a $336 million agreement for greater China rights to a PRS inhibitor, Bersiporocin, for Idiopathic Pulmonary Fibrosis (IPF) from South Korea’s Daewoong. Daewoong will receive $76 million in upfront and development milestone payments, plus double-digit royalties on sales. CS, a company that brings rare disease and ophthalmology products to China, may extend the indication for Bersiporocin to other respiratory and fibrotic conditions. More details....

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