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DualityBio Sells Two ADC Assets to BioNTech for $170 Million Upfront, $1.5 Billion in Milestones

publication date: Apr 3, 2023

Duality Biologics (Suzhou) out-licensed global rights (ex-China) for two ADC candidates to BioNTech, Pfizer’s partner for one of the two original COVID vaccines, in a deal worth $170 million upfront and up to $1.5 billion in milestone payments. The agreement includes Duality’s lead candidate, DB-1303, a topoisomerase-1 inhibitor-based ADC directed against HER2, currently in a Phase II clinical trial. BioNTech will also acquire Duality’s second topoisomerase-1 inhibitor-based ADC candidate, DB-1311. DualityBio will be eligible to receive single-digit to double-digit tiered royalties on sales for both assets. More details....

Stock Symbol: (NSDQ: BNTX)

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