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Simcere Signs $141 Million Deal for Connect Bio’s Novel Atopic Dermatitis Therapy

publication date: Nov 21, 2023

Nanjing Simcere Biopharma acquired Greater China rights to an interleukin-4 receptor alpha (IL-4Rα) inhibitor for atopic dermatitis and asthma from Connect Biopharma in an agreement worth up to $141 million. Simcere will pay $21 million upfront and up to $120 million in milestones. Connect, which is headquartered in Taicang and San Diego, also announced that the company plans to file an NDA in China early next year. Simcere will take over responsibility for rademikibart in Greater China from two Connect subsidiaries: Connect Biopharma Hong Kong and Suzhou Connect Biopharma. More details...

Stock Symbol: (HK: 2096)

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