Chi-Med and Inmagene Collaborate to Develop Therapies for Immunological Diseases
Shots:
- Chi-Med to receive ~$95M and ~$135M as development & commercial milestones along with royalties on commercialization of each drug candidates. Inmagene to get an exclusive option for four drug candidates solely for immunological diseases
- If Inmagene exercises the option- it will get the right to further develop- manufacture and commercialize the specific drug candidate globally- with Chi-Med retaining the first right to co-commercialization it in mainland China
- The companies will work together to move the drug candidates towards IND submission. If successful- Inmagene will further lead drug candidates through global clinical development
Ref: ChiMed | Image: Inmagenebio
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