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Innovent Entered into a Collaboration and License Agreement with Sanofi to Advance Development of Therapies for Cancer in China

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Innovent Entered into a Collaboration and License Agreement with Sanofi to Advance Development of Therapies for Cancer in China

Innovent Entered into a Collaboration and License Agreement with Sanofi to Advance Development of Therapies for Cancer in China

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  • Sanofi will invest $307.88M in Innovent to develop 2 Sanofi oncology assets incl. SAR408701 & SAR444245 at $42.42/share representing a premium of ~20% at 30-day avg. share price. Both companies will jointly develop SAR444245 in China
  • Innovent will lead the development & exclusive commercialization of tusamitamab in multiple oncology-based indications in China. Sanofi will receive ~$81.8M in development milestones along with royalties on net sales of SAR408701 upon approval
  • Sanofi will be the marketing authorization holder for both products & will be responsible for SAR245 commercialization. Innovent to receive ~60M in development milestones along with royalties on the net sales of SAR444245

Ref: GlobeNewswire | Image: Sanofi

 

Click here to­ read the full press release 

Neha

Neha is a Senior Editor at PharmaShots. She is passionate and very enthusiastic about recent updates and developments in the life sciences and pharma industry. She covers Biopharma, MedTech, and Digital health segments along with different reports at PharmaShots. She can be contacted at connect@pharmashots.com.

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