Keymed and Lepu Biopharma Enter into an Exclusive License Agreement with AstraZeneca for CMG901 to Treat Claudin 18.2-Positive Solid Tumors
- KYM Biosciences, the joint venture established by Keymed & Lepu Biopharma will receive $63M up front, ~$1.1B in additional development and sales-related milestones along with royalties. The transaction is expected to be close in H1’23
- AstraZeneca will lead the research, development, manufacture & commercialization of CMG901 globally. CMG901 is being studied in the P-I trial for Claudin 18.2+ solid tumors incl. gastric cancers
- CMG901 showed a favorable safety & tolerability profile with an encouraging anti-tumor efficacy across the dose levels tested in the preliminary results from the P-I trial. CMG901 improves AstraZeneca's ADC pipeline & aids in improving gastrointestinal cancer patients' treatment options & outcomes
Ref: PRNewswire | Image: Keymed
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