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Summit Bets On Akeso IO Bispecific Despite China Firms’ Issues With US FDA

 
• By Alaric DeArment

Deal Snapshot: Akeso has already sought to secure FDA approval for its PD-1 inhibitor, but the agency has shown reluctance to approve drugs based on China-only data.

Akeso announced a partnership with Summit • Source: Shutterstock

Who: Akeso Inc., headquartered in Hong Kong, and Summit Therapeutics plc, based in Menlo Park, CA and Grand Cayman

What: Summit is licensing Akeso’s ivonescimab, its bispecific antibody targeting PD-1 and VEGF, for commercialization in the US, Canada, Europe and Japan

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