Shots:

• LCB to receive $10 M as upfront- and up to $353.5M as cumulative milestone payments along with royalties on sales of LCB71. CStone get an exclusive global right to lead the development and commercialization of LCB71 outside the Republic of Korea
• The collaboration adds the first ADC to CStone's development pipeline- bolstering its precision medicine franchise with a new modality
• LCB71 is a pre-clinical ADC targeting ROR1- having the potential to treat multiple cancer indications and has demonstrated efficacy and reduced toxicity in preclinical studies

 ­ Ref: PRNewswire | Image: Investopedia