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2022-01-11 18:16
05:12 AM EST, 01/11/2022 (MT Newswires) -- Shanghai Junshi Biosciences (HKG:1877) said Monday that Coherus BioSciences commenced the licensing of the former's TIGIT-targeted antibody, JS006, in the US and Canada.
As part of the immuno-oncology collaboration agreement, the US-based biologics platform company will pay Shanghai Junshi Biosciences an upfront amount of $35 million, up to $255 million in development regulatory and sales milestones and an 18% royalty on net product revenue.
Deal completion is subject to regulatory approvals.
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