Elevation Oncology strikes licensing deal with CSPC Megalith Bio

28 July 2022

USA-based Elevation Oncology (Nasdaq: ELEV) today announced that it has entered into an exclusive license agreement with CSPC Megalith Biopharmaceutical, a subsidiary of China’s CSPC Pharmaceutical Group (HKEX: 01093) to develop and commercialize EO-3021 (SYSA1801), a differentiated, clinical stage antibody drug conjugate (ADC) targeting Claudin18.2, in all global territories outside Greater China.

SYSA1801 is currently being evaluated by CSPC in a Phase I, dose-escalation clinical trial in China. Elevation expects to initiate a Phase I clinical trial evaluating EO-3021 in the USA 2023.

Financial terms of the accord

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