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Keymed Bio Out-licenses Global Rights for Two Bispecifics in $186 Million Deal

publication date: Jul 12, 2024

Chengdu’s Keymed Biosciences out-licensed global rights (ex-China) for a pair of bispecific candidates to Belenos Biosciences in a $185 million agreement. In return for CM512 and CM536, Keymed will receive $15 million upfront and milestones of up to $170 million, plus royalties. Belenos will develop, manufacture, and commercialize the two dual-specific antibodies CM512 and CM536 globally (excluding Greater China). A Keymed subsidiary will receive a 30% ownership of Belenos. Belenos will be responsible for all development costs of CM512 and CM536, including clinical trials. More details....

Stock Symbol: (HK: 02162)

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