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CStone Out-Licenses China Rights for anti-PD-1 to 3SBio for $22 Million

publication date: Nov 1, 2023

Suzhou CStone Pharma out-licensed China rights for nofazinlimab, the company’s anti-PD-1 antibody, to a subsidiary of 3SBio for $8 million upfront and $14 million in near term milestones. CStone will also receive unspecified payments for sales milestones and royalties. 3SBio will have rights to develop, register, manufacture and commercialize nofazinlimab in mainland China. CStone expects to report results in Q1 of 2024 from a global Phase III trial of nofazinlimab plus lenvatinib as a first-line treatment for hepatocellular carcinoma (HCC). Yesterday, CStone's anti-PD-1/PD-L1 drug, sugemalimab, was approved in China for extranodal NK/T-cell lymphoma. More details....

Stock Symbols: (HK: 2616) (HK: 1530)

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