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Hanmi’s Roll Continues With ZAI China Cancer Deal

 
• By Jung Won Shin

Hanmi is continuing to reap big dividends this year from its original R&D efforts. Following a major licensing out deal with Boehringer Ingelheim for a novel lung cancer therapy in July, the South Korean firm has now reached an additional licensing agreement for the therapy with ZAI Lab for China, Hong Kong and Macau, in a deal that will bolster the Chinese biopharma's growing oncology portfolio.

SEOUL – South Korea’s Hanmi Pharmaceutical Co. Ltd. and ZAI Lab Ltd. have inked a collaboration and license agreement under which the Chinese company will acquire exclusive rights in China, Hong Kong and Macau to develop, manufacture and commercialize HM61713, a novel, third-generation EGFR-targeted therapy for the treatment of EGFR mutation-positive lung cancer being developed by Hanmi.

Under the deal, Hanmi will receive an upfront payment of $7m and milestone payments totaling $85m, plus double-digit sales royalties after the drug is launched, the two companies said.

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