China's Luye Pharma expands collaboration with Elpis
China's Luye Pharma (SEHK: 2186) has partnered up with US biotech firm Elpis Biopharmaceuticals to work on dual target based therapies for cancer patients who fail to respond to current treatment.
As a continuing effort of the collaboration initiated last year, the two companies signed a license agreement recently to jointly develop chimeric antigen receptor T-cell (CAR-T) therapies and biologic drug candidates in immuno-oncology.
"This is a global collaboration. Luye will be in charge of the development and commercialization of the co-developed products in China and will have the exclusive rights in the Chinese market," noted Sammy Jiang, vice president of strategy and business development at Luye.
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