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LianBio Sells China Rights for Radioenhanced Drug to Janssen for $30 Million

publication date: Dec 26, 2023

LianBio, a Shanghai-Princeton in-licensing biotech, has sold greater China rights for a radioenhancer to Janssen Pharma in a $30 million agreement. LianBio will receive $25 million upfront and up to another $5 million in sales milestones. NBTXR3 is a novel first-in-class oncology product composed of functionalized hafnium oxide nanoparticles that is administered via one-time intratumoral injection and activated by radiotherapy. In 2022, LianBio acquired the rights from Nanobiotix, a Paris oncology company. Janssen acquired global rights (ex-China) to the radioenhancer earlier this year, paying $30 million upfront, plus other contingent payments. More details....

Stock Symbol: (Nasdaq: LIAN)

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