Transgene out-licenses immunotherapies for Greater China
French biotech Transgene (Euronext Paris: TNG) has signed a series of agreements with China’s Tasly Biopharmaceuticals (600535:SHH) involving T601 and T101, two immunotherapeutics developed by the Transgene-Tasly joint venture 3 in China, with the news sending Tasly’s shares up 3.21% to 26.37 renminbi.
These products incorporate Transgene’s TG6002 and TG1050 technologies, respectively. As a result of these agreements Transgene will receive shares in Tasly Biopharmaceuticals valued at $48 million. These agreements are designed to further deliver the potential of Transgene’s virus-based technologies in China.
Structure of the transactions
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