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ArriVent and Aarvik Form $100 Million Partnership to Develop Oncology Drug

publication date: Dec 23, 2021

ArriVent Biopharma of Philadelphia formed a $100 million collaboration with Aarvik, a Bay Area company, to develop a novel cancer therapeutic for global markets. Aarvik will discover a candidate, using its modular platform that combines multiple target mechanisms. ArriVent will be responsible for clinical development and commercialization. In June 2021, ArriVent raised $150 million from China investors to bring China-developed drugs to western markets. In this agreement, it is partnering to develop a US-discovered drug for global markets. More details....

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