Roche Acquires Chinese Antibody-Drug Conjugate Rights For $500M
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Roche: mezzo miliardo per diritti su anticorpi coniugati cinesi
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Read more: Roche: mezzo miliardo per diritti su anticorpi coniugati c
The transaction consists of an initial instalment of $400 million, to be paid upon signing the contract, and a second instalment of $110 million, to be paid one year later.
The contract also provides for funding of $15 billion, subject to the achievement of development, regulatory or even commercial milestones, as well as commissions of an unspecified amount on any revenue, the Shanghai-based group stated in a press release issued today.
ADCs, or antibody-drug conjugates, are preparations that combine, amongst other things, an antibody and a chemotherapeutic molecule. Their purpose is to combat tumours.
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