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Huadong Strikes $1 Billion Deal for Asia Rights to Four ADC Candidates

publication date: Feb 28, 2022

Huadong Medicine will acquire Asia rights (ex-Japan) for two Heidelberg Pharma ADC candidates with options on two more in a deal potentially worth more than $1 billion. The drug rights are worth up to $930 million while Huadong will also purchase 35% of Heidelberg for $118 million. Huadong, which will make a $20 million upfront payment to Heidelberg, is very busy on the deal front currently: last week it entered a $662 million agreement to develop two Kiniksa Pharma anti-inflammatory drug candidates in Southeast Asia. More details....

Stock Symbols: (SHZ: 0963) (FSE: HPHA) (NSDQ: KNSA)

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