CStone pays for Chinese rights to Blueprint drugs
Privately-held Chinese biopharma CStone Pharmaceuticals has paid $40 million upfront for a license to develop and commercialize three drugs from US biotech Blueprint Medicines Corporation (Nasdaq: BPMC) in China, either as monotherapies or combination therapies.
The deal covers avapritinib, BLU-554 and BLU-667, selective investigational kinase medicines developed by Blueprint that have demonstrated clinical proof-of-concept in genomically defined subsets of patients with cancer.
"In particular, we are excited to announce the expansion of the BLU-554 clinical development program in China, where more than half of new cases of HCC worldwide occur"
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