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GenFleet Out-Licenses CDK9 Inhibitor to Sellas in $150 Million Deal

publication date: Apr 6, 2022

Shanghai GenFleet Therapeutics out-licensed global rights (ex-Greater China) for a small molecule cyclin-dependent kinase 9 (CDK9) inhibitor to New York’s Sellas Life Sciences in a $150 million deal. GFH009, currently in Phase I trials in the US and China, has a unique mechanism of action that leads to lower toxicity and more potent efficacy, according to GenFleet’s read of the initial pharmacokinetic data in the Phase I trial. In 2014, Sellas was formed to develop an inhibitor of the WT1 protein, which is present in many cancers. Sellas in-licensed the drug from Memorial Sloan Kettering Hospital. More details....

Stock Symbol: (NSDQ: SLS)

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