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Foreseen Bio Out-Licenses Novel ADC to Ipsen in $1 Billion Agreement

publication date: Jul 11, 2024

China’s Foreseen Biotechnology out-licensed global rights for an ADC candidate to France’s Ipsen in a deal potentially worth over $1 billion. FS001 targets a novel tumor associated antigen, which is highly expressed in a range of solid tumors and plays a critical role in tumor proliferation and metastasis. This novel tumor antigen was identified using Foreseen’s high throughput, integrated translational proteomics, and artificial intelligence (AI)-powered screening platforms. The transaction was Ipsen’s second ADC acquisition this year following a $900 million deal in April for rights to Sutro Biopharma’s preclinical ROR1-targeting ADC. More details....

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