Alector out-licenses Chinese rights to I-O candidate to Innovent
US biotech Alector (Nasdaq: ALEC) and Chinese company Innovent Biologics (HKEX: 01801) have signed a regional licensing agreement to develop and commercialize AL008 for oncology indications in China.
AL008 is Alector’s dual function SIRP-alpha inhibitor and Fc gamma receptor activator antibody targeting the innate immune system for oncology indications.
Arnon Rosenthal, co-founder and chief executive of Alector, said: “Innovent is a leading biopharmaceutical company in China, and we have been impressed with the diligence and speed with which the Innovent team has advanced oncology development programs to commercialization.”
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