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Roche Signs Up Medilink As China Biotech ADC Deal Spree Continues

 
• By Dexter Jie Yan

The Swiss drug maker teams up with Chinese biotech Medilink to gain access to a preclinical c-Met-targeting antibody-drug conjugate and potential competitor to two frontrunners from AbbVie.

partnership
Medilink has found in Roche its second multinational partner for global ADC development • Source: Shutterstock

Suzhou Medilink Therapeutics Ltd. kicked off the New Year with an up to roughly $1.05bn licensing deal with Roche Holding AG for the Chinese biotech’s still preclinical stage antibody-drug conjugate (ADC) YL211, which targets c-Mesenchymal epithelial transition factor (c-Met) for the treatment of solid tumors.

Key Takeaways

  • MediLink will grant Roche exclusive global rights for the development, manufacturing and commercialization of the c-Met-targeting ADC YL211.

MediLink will grant the Swiss giant exclusive global rights for the development, manufacturing, and commercialization of YL211. In return, MediLink will receive upfront and near-term milestone payments totaling $50m, in...

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