$1 billion deal for oncology combo developed by Elevar and Hengrui

18 October 2023

Elevar Therapeutics and Hengrui Pharma have agreed to a global licensing deal giving the former rights to commercialize and develop the checkpoint blocker camrelizumab.

The agreement covers global development of the cancer med, in combination with rivoceranib, for the treatment of liver cancer - excluding in South Korea, China and Hong Kong.

Elevar is a South Korean company, a majority-owned subsidiary of HLB (Kosdaq: 028300), while Hengrui Pharma is one of China’s largest pharmaceutical firms.

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