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Biotheus Signs $142 Million Deal for Alligator Bio TNFR Antibody

publication date: Aug 22, 2019

Biotheus, a China biopharma based in Zhuhai, Guangdong, announced a $142 million agreement to in-license greater China rights for a TNFR antibody developed by Alligator Bio of Stockholm. Formed in 2018, Biotheus will have rights for up to three bi-specific candidates based on the antibody. The agreement, which specifies a $1 million upfront payment, will include a $90 million option for Biotheus to acquire global rights to the candidates. Biotheus is developing a pipeline of me-better/novel candidates focused on immuno-oncology and metabolic disease. More details....

Stock Symbol: (NSDQ Stockholm: ATORX)

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