CANbridge licenses Apogenix' APG101 glioblastoma candidate for China

15 July 2015

Chinese privately-held biopharma firm CANbridge Life Sciences has entered into an exclusive license agreement with privately-held German immuno-oncology company, Apogenix to develop, manufacture and commercialize the latter’s lead product, APG101, in glioblastoma multiforme in China, Macao, and Hong Kong, with options for other indications.

Under the terms of the agreement, Apogenix will receive upfront and milestone payments, as well as royalty payments at tiered, double-digit royalty rates following commercial launch of APG101 in China. Further financial terms were not disclosed.

Positive Phase II results

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