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Eccogene Signs $2 Billion Deal Selling Rights for GLP-1 Agonist to AstraZeneca

publication date: Nov 9, 2023

Eccogene, a Shanghai-Boston biotech, out-licensed global rights (ex-China) for its novel small molecule GLP-1 agonist to AstraZeneca in a $2 billion blockbuster deal. Eccogene will receive $185 million upfront and up to $1.8 billion in milestones, plus royalties. In preclinical studies, ECC5004 showed good efficacy and safety profiles with potential to be first-in-class according to the company. Eccogene says ECC5004 will be the first small molecule candidate for the crowded indication, with an oral delivery that offers easier use and better convenience. Eccogene and AstraZeneca will partner the China development and commercialization of ECC5004. More details....

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