HUTCHMED Entered into an Exclusive License Agreement with Takeda to Develop and Commercialize Fruquintinib
- HUTCHMED to receive ~$1.13B incl. $400M up front, ~$730M in regulatory, development & commercial sales milestones along with royalties. The agreement strengthens Takeda’s oncology portfolio
- Takeda to receive an exclusive license globally to develop & commercialize fruquintinib in all indications & territories outside of mainland China, Hong Kong & Macau. In collaboration with Eli Lilly, HUTCHMED focuses on late-stage clinical trials & commercialization of fruquintinib in mainland China, approved under the brand name Elunate
- The marketing authorization submissions in the US, EU & Japan are planned to complete in 2023 with rolling submission to the US FDA in H1’23. The P-III trial (FRESCO-2) results of fruquintinib for refractory CRC were presented at ESMO 2022
Ref: Businesswire | Image: HUTCHMED
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