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Biotime In-licenses Five Adlai Nortye Candidates in $32 Million Deal

publication date: Jan 26, 2022

Xiamen Biotime Biotech in-licensed a package of five drug assets (mostly preclinical) from Adlai Nortye, a Hangzhou oncology company, in an agreement worth at least $32 million. Adlai Nortye has built a pipeline of 10 candidates. Biotime, known for its point-of-care diagnostic devices, has recently branched out into drug development. It will have China rights including manufacturing for two of the candidates and global rights to the remaining three molecules. The China-only candidates are an oral small-molecule PD-L1 inhibitor and a novel humanized IgG1 (variant) anti-hTNFR2 antibody. More details....

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