Athenex forges new deals in China and wins $100 million investment
East Coast, USA-based firm Athenex (Nasdaq:ATNX), has announced several key strategic deals focused on China, aimed at furthering its oncology developments.
First, the firm says it has agreed a new joint venture (JV) with a subsidiary of Guangzhou Xiangxue Pharmaceutical to develop and commercialize T-cell receptor-engineered T cells (TCR-T), a cancer immunotherapy technology, based on a novel approach.
At the same time, Athenex has made a strategic expansion into biologics for oncology, gaining worldwide rights to a pegylated genetically modified human arginase from a subsidiary of Hong Kong-based Avalon Biomedical Management.
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