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Hasten Joins China's PCSK9 Race With In-Licensing, Commercialization Capabilities

 
• By Dexter Jie Yan

Chinese firm Hasten has gained greater China rights to LIB Therapeutics’ lerodalcibep for hypercholesterolemia and believes its bet on the unique PCSK9-binding small protein will be backed by strong commercialization capability, the company says in an interview with Scrip.

hypercholesterolemia
Hasten ups game with license to cholesterol-lowering drug lerodalcibep • Source: Shutterstock

Since its founding in 2020, Chinese firm Hasten Biopharmaceutic Co., Ltd. has doubled down on the growing cardiovascular market in the greater China region.

In September, the Hefei, Anhui-headquartered biopharma placed its first bet on a novel drug, lerodalcibep, in-licensed from US biotech LIB Therapeutics, LLC for $20m upfront and up to $305m in milestones, for the treatment of hypercholesterolemia

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