Keymed out-licenses bispecific to Platina Medicines

18 November 2024

Chinese biotech Keymed Biosciences (HKEX: 2162) has entered into an exclusive licensing agreement with Platina Medicines for its bispecific antibody candidate, CM336.

The deal grants Platina, a unit of Ouro Medicines, global rights outside of China, Hong Kong, Macau and Taiwan, to develop, manufacture, and commercialize the therapy.

Under the agreement, Keymed will receive an upfront payment of $16 million, along with potential milestone payments of up to $610 million, contingent on clinical, regulatory, and commercial success.

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