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Fosun Acquires Novel Cancer Immunotherapy in $125 Million Deal

publication date: May 23, 2022

Fosun Pharma acquired China rights to a novel broad cancer immunotherapy candidate from VerImmune of Baltimore in an $125 million agreement. VerImmune’s Virus-Inspired Particle (ViP) technology attacks cancers by redirecting the body’s pre-existing immunity against viral pathogens from vaccinations and past infections. The ViPs are expected to create a response from existing immunity toward a broad range of tumors without the need to identify tumor antigens or generate tumor-specific immune responses. Fosun will pay VerImmune up to $125 million in upfront and milestone payments plus tiered royalties. More details...

Stock Symbols: (SHA: 600196; HK: 02196)

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