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Junshi Bio Invests $43 Million to Partner Impact's PARP Inhibitor in China

publication date: Aug 20, 2020

Junshi Biosciences, a Shanghai biopharma, formed a JV with Nanjing's Impact Therapeutics to develop Impact's PARP inhibitor. Junshi will contribute $43 million for 50% of the JV while Impact will add Greater China rights to IMP4297, the company's clinical-stage PARP inhibitor. The two companies will collaborate on conducting clinical trials of the candidate in multiple indications, starting with ovarian cancer, plus preparing for manufacturing and commercialization. More details....

Stock Symbol: (HK: 1877; SHA: 688180)

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