Adagene and Sanofi to 'chase miracles' in I-O deal worth up to $2.5 billion
Shares in China-headquartered company Adagene (Nasdaq: ADAG) were up by 4% during Wednesday morning’s trading in New York.
The company had announced a collaboration and exclusive license agreement with Sanofi (Euronext: SAN) to generate masked monoclonal and bispecific antibodies for development and commercialization by the French pharma major.
$17.5 million paid upfront
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