Gilead to acquire remaining worldwide rights of Trodelvy
US biotech major Gilead Sciences (Nasdaq: GILD) has entered into an agreement with China’s Everest Medicines (HKEX; 1952.HK) to transfer all development and commercialization rights to Gilead for Trodelvy (sacituzumab govitecan) in Greater China, South Korea, Singapore, Indonesia, Philippines, Vietnam, Thailand, Malaysia and Mongolia. Everest’s shares plummeted more than 19% to HK$13.64 on the news.
In China mainland and Singapore, Trodelvy is approved for the treatment of adult patients with unresectable locally advanced or metastatic triple-negative breast cancer (TNBC) who have received two or more prior systemic therapies, at least one of them for metastatic disease. Gilead continues to work closely with regulatory bodies in Hong Kong, South Korea and Taiwan, where New Drug Applications, filed by Everest Medicines for metastatic TNBC, are currently under review.
Financial terms of the transaction
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