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MediLink Signs $1 Billion ADC Out-Licensing Rights Agreement with Roche

publication date: Jan 2, 2024

Suzhou MediLink Therapeutics out-licensed global rights for its pre-clinical c-Mesenchymal epithelial transition factor (c-Met) ADC to Roche in a $1 billion agreement. MediLink will work with Roche's R&D unit, China Innovation Center of Roche, to start a Phase I clinical trial of YL211. After the trial, Roche will responsible for all further development and commercialization globally. MediLink will receive $50 million in upfront and near-term milestone payments and $1 billion of later milestones, plus tiered royalties. Three months ago, MediLink out-licensed global rights for an HER ADC to BioNTech in a $1.1 billion agreement. More details....

Stock Symbols: (SIX: RO, ROG) (NSDQ: BNTX)

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