Alteogen tech to create subcutaneous versions of AstraZeneca’s cancer drugs

17 March 2025

Anglo-Swedish pharma major AstraZeneca (LSE: AZN) and Korean biotech Alteogen (Kosdaq: 196170) have entered into an exclusive license agreement for ALT-B4, a novel hyaluronidase using Hybrozyme platform technology.

AstraZeneca will acquire worldwide rights to use ALT-B4 to develop and commercialize subcutaneous formulations of several oncology assets.

Alteogen will be responsible for clinical and commercial supply of ALT-B4 to AstraZeneca, which will pay an upfront sum to Alteogen and additional payments upon achievement of specific development, regulatory and sales-related milestones.

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