I-Mab Biopharma gets rights to myeloma drug for China in up to $120 million deal

4 December 2017

German biotech MorphoSys (FSE: MOR) has entered into an agreement with Shanghai-based I-Mab Biopharma granting the latter an exclusive regional license to develop and commercialize MOR202 in China, Taiwan, Hong Kong and Macao.

MOR202 is MorphoSys' proprietary investigational antibody against CD38, for which recruitment of a European Phase I/IIa clinical study in relapsed/refractory multiple myeloma has been concluded.

Under the terms of the agreement, I-Mab will assume exclusive responsibility for all subsequent development and commercialization of MOR202 in the agreed territory.

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