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RemeGen Out-Licenses HER-2 Candidate to Seagen in $2.6 Billion Agreement

publication date: Aug 10, 2021

Yantai's RemeGen out-licensed global rights (ex-Asia) for its novel HER2-targeted ADC to Seagen in a $2.6 billion deal. Seagen, an antibody conjugate company previously known as Seattle Genetics, will pay $200 million upfront and up to $2.4 billion in milestones. The candidate, disitamab vedotin, combines Seagen's drug-linker technology with RemeGen’s novel HER2 antibody. The candidate has shown promising activity in trials involving several solid tumor types associated with HER-2, including urothelial, gastric and breast cancers. More details....

Stock Symbols: (HK: 9995) (NSDQ: SGEN)

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