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HutchMed In-licenses Epigenetic Cancer Drug in $310 Million Deal

publication date: Aug 9, 2021

Shanghai's HutchMed announced a $310 million deal to acquire greater China rights to Epizyme's epigenetic treatment for niche cancers. Tazverik® is a methyltransferase inhibitor of EZH2 developed by Boston's Epizyme that is approved is the US to treat patients with epithelioid sarcoma or follicular lymphoma. HutchMed has not previously in-licensed any products. It will pay $25 million upfront and the rest in milestones. In addition, HutchMed will have a four-year warrant to acquire up to $65 million of Epizyme shares. More details....

Stock Symbols: (NSDQ/AIM: HCM; HKEX: 13) (NSDQ: EPZM)

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