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Simcere Signs $170 Million Deal for Myelopreservation Therapy

publication date: Aug 3, 2020

Nanjing Simcere Pharma in-licensed Greater China rights to trilaciclib from North Carolina's GI Therapeutics in a $170 million agreement. Trilaciclib is a proposed myelopreservation therapy intended to improve chemotherapy treatment. Simcere will make a $14 million upfront payment and add up to $154 million in milestone payments, plus royalties. Trilaciclib has been granted US Breakthrough Therapy Designation following three double-blind trials in which it was administered before chemotherapy to patients with small cell lung cancer. More details....

Stock Symbol: (NSDQ: GTHX)

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