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TJ Biopharma Sells Rights to Lead Drug for $237m

publication date: Sep 27, 2024

Hangzhou’s TJ Biopharma sold the China rights for its CD73-targeted antibody to Sanofi in a deal worth up to $237 million. The antibody, uliledlimab, is designed to modulate the tumor microenvironment. Earlier this year, TJ became the heir to I-Mab’s China assets, including uliledlimab, when I-Mab moved its operations to the US. TJ will receive $36 million in an upfront payment and near-term milestone payments plus additional milestones that could bring the package to $237 million. More details....

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