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Abbisko Sells China Rights for CSF-1R Inhibitor to Germany’s Merck in a $605 Million Agreement

publication date: Dec 5, 2023

Shanghai Abbisko Therapeutics has sold greater China commercialization rights for pimicotinib, a small molecule CSF-1R inhibitor, to Germany’s Merck in a $605 million deal, including $70 million upfront. Abbisko is currently conducting a global Phase III trial of pimicotinib in patients with tenosynovial giant cell tumor (TGCT), a benign tumor that can cause painful joint swelling and stiffness. Merck will pay an additional upfront fee if it decides to exercise an option for global rights to pimicotinib. Merck also has the option to co-develop pimicotinib in additional indications. More details....

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