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Zhongmei Huadong In-licenses Skin Disease Therapy in $94 Million Agreement

publication date: Aug 14, 2023

Hangzhou Zhongmei Huadong Pharma in-licensed China-SE Asia rights to a topical steroid-free therapy for immune-mediated skin diseases from Arcutis, a Los Angeles biopharma, in a $94 million deal. Zhongmei will have rights to cream and foam formulations of roflumilast, a next-gen phosphodiesterase type 4 (PDE4) inhibitor for dermatological conditions including plaque psoriasis, seborrheic dermatitis and atopic dermatitis. The company will make a $30 million upfront payment to Arcutis and pay up to $64 million in development and sales milestones, plus royalties. Zhongmei is a subsidiary of Huadong Medicine. More details....

Stock Symbol: (SHZ: 000963)

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