Japanese major Eisai Co., Ltd.’s option deal worth up to $2bn-plus for the in-licensing of a HER2-targeting antibody-drug conjugate (ADC) developed by Chinese biotech Bliss Biopharmaceutical (BlissBio), showed just how intensively international pharma firms are scouting China-originated assets for a potential challenger to Daiichi Sankyo Co., Ltd./AstraZeneca PLC's Enhertu (trastuzumab deruxtecan) for breast cancer.
Eisai and BlissBio announced on 8 May a clinical trial collaboration agreement with an option for a strategic collaboration for BB-1701 outside greater China. Should Eisai exercise its option, its Chinese partner will receive an exercise payment and be eligible for development and commercial milestone payments of up to an aggregated $2bn, as well as royalties on sales
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