BeiGene buys rights to Ensem's CDK2 inhibitor for up to $1.33 billion

21 November 2023

Chinese oncology specialist BeiGene (Nasdaq: BGNE) and privately-held Ensem Therapeutics have announced a deal.

The agreement is for BeiGene to acquire an exclusive global license to an Investigational New Drug (IND) application-ready oral cyclin-dependent kinase 2 (CDK2) inhibitor.

"This CDK2 inhibitor from Ensem complements our internally-discovered Phase I CDK4 inhibitor"Ensem, a US biotech focusing on high-value and difficult-to-drug oncology targets, will receive an upfront payment, and will be eligible for additional payments upon the achievement of certain development, regulatory, and commercial milestones, totaling up to $1.33 billion, in addition to tiered royalties.

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