Incyte in-licenses SHR-1210 from Jiangsu Hengrui for up to $795 million

3 September 2015

US biotech firm Incyte Corp (Nasdaq: INCY) has entered into a global license and collaboration agreement with Chinese drugmaker Jiangsu Hengrui Medicine for the development and commercialization of SHR-1210, an investigational anti-PD-1 monoclonal antibody.

Under the agreement, Incyte - whose shares rose 7.1% to $123.28 on the news - will have the exclusive development and commercialization rights to SHR-1210 worldwide, with the exception of Mainland China, Hong Kong, Macau, and Taiwan. SHR-1210 is expected to enter proof-of-concept studies for the treatment of patients with advanced solid tumors in the coming months.

Terms include $25 million upfront and up to $770 million milestones

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