Did you know?

ChinaBio® Group is a consulting and advisory firm helping life science companies and investors achieve success in China. ChinaBio works with U.S., European and APAC companies and investors seeking partnerships, acquisitions, novel technologies and funding in China.  

Learn more >>

Free Newsletter

Have the latest stories on China's life science industry delivered to your inbox daily or weekly - free!

  Email address:
   

Summit Expands Rights for Akeso’s PD-1/VEGF Bispecific in $70 Million Agreement

publication date: Jun 3, 2024

Summit Therapeutics of Miami expanded its rights to Akeso’s ivonescimab, adding the countries in Central and South America plus the Middle East and Africa. Summit signed a $70 million agreement for the expanded rights. Last week, Akeso said ivonescimab, a bispecific PD-1/VEGF antibody, showed better results than Keytruda in a Phase III trial that enrolled patients with NSCLC. As part of today’s announcement, Summit also reported it raised an unsolicited $200 million in a private placement. In 2023, Summit acquired US/EU/Japan rights to ivonescimab for $500 million upfront and $4.5 billion in milestones. More details....

Stock Symbols: (NSDQ: SMMT) (HK: 9926)

Share this with colleagues:  


This article is available for purchase - please click here for details.

Sorry this page is available to subscribers only.
If you're not a subscriber why not subscribe today?

If you are already a subscriber, please login.

If you believe you should have received this message in error, please contact us.


 

To gain access to the members only content click here to subscribe.

You will be given immediate access to premium content on the site.

ChinaBio® News

Greg Scott BIO-Europe Interview
Greg Scott Interviewed at BIO-Europe Spring

How to bring your China assets to China in 8 minutes


Greg Scott Mendelspod Interview
"Mr. Bio in China."
Mendelspod Interview

Multinational pharma held to a higher standard in China

Partner Event
November 2-3, 2023 | Shanghai
November 7-8, 2023 | Digital