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Tasly Acquires China Rights to Sutro ADC in $385 Million Agreement

publication date: Dec 27, 2021

Shanghai Tasly Pharma acquired Greater China rights to an antibody-drug conjugate from Sutro Biopharma of South San Francisco in a deal worth up to $385 million. Sutro is currently testing STRO-002, a FolRα-targeting ADC, in a Phase I test for ovarian and endometrial cancers in the US and Europe. Sutro will receive an upfront payment of $40 million and be eligible for $345 million in milestone payments. Tasly has the possibility of adding non-small cell lung cancer and triple-negative breast cancer indications. More details....

Stock Symbols: (SHA:600535) (NSDQ: STRO)

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