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Suzhou Innovent Signs $2 Billion-plus Bi-Specific/CAR-T Development Deal with Roche

publication date: Jun 9, 2020

Suzhou Innovent Bio formed a far-reaching R&D collaboration with Roche that has a potential value of over $2 billion. Innovent will use Roche's technologies to discover and develop specific 2:1 T-cell bispecific antibodies (TCB) and universal CAR-T therapies for hematological and solid cancers. Innovent will make upfront and milestone payments for the rights, and it will develop the candidates. Roche will have an option to license each product for ex-China development and commercialization. If Roche exercises all of its options, it will pay $140 million for the options plus $1.96 billion in milestones if all products are successfully commercialized. More details....

Stock Symbol: (HK: 01801)

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