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CSPC Pharma Out-Licenses Nectin-4 ADC to Corbus in $692 Million Deal

publication date: Feb 14, 2023

A CSPC Pharma subsidiary out-licensed ex-China rights for a Nectin-4 antibody drug conjugate to Boston’s Corbus Pharma in a heavily backloaded $692.5 million deal. Corbus will have rights to SYS6002 in the US, EU and Australian markets. CSPC Megalith Biopharma has started a China Phase I dose-escalating trial of the candidate in patients with advanced solid tumor cancers. CSPC will receive a $7.5 million upfront payment and up to $685 million in milestones, plus royalties on sales. CSPC plans to aim SYS6002 at urothelial cancer initially. More details....

Stock Symbols: (HK: 01093) (NSDQ: CRBP)

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