Novartis In-Licenses BieGene's Tislelizumab to Expand its Oncology Portfolio
Shots:
- BieGene to receive $650M up front- $1.55M as milestones along with royalties and retain rights to Tislelizumab in China & other countries. BeiGene has the option to co-detail Tislelizumab in NA
- Novartis to get the development & commercialization rights to Tislelizumab in the US- Canada- Mexico- EU- UK- Norway- Switzerland- Iceland- Liechtenstein- Russia- & Japan. Additionally- the companies have identified multiple Tislelizumab + Novartis’ therapy combination clinical trials in solid tumors
- Both parties have the freedom to conduct combination trials globally. Tislelizumab is an anti-PD-1 mAb- its 15 registration-enabling clinical trials underway in NSCLC and other solid tumors
Ref: Novartis | Image: Novartis
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