Sanofi and Innovent Biologics enter strategic China collaboration
French pharma major Sanofi (Euronext: SAN) and China’s Innovent Biologics (HKEX: 01801) have signed a collaboration to bring innovative medicines to patients in China with difficult-to-treat cancers.
Both companies are committed to accelerating the development and commercialization of two Sanofi key clinical stage oncology assets: Phase III SAR408701 (t; anti-CEACAM5 antibody-drug conjugate) and Phase II SAR444245 (non-alpha IL-2), combining with sintilimab, the leading cusamitamab ravtansineheckpoint inhibitor in China.
In addition to the collaboration and license agreement, Sanofi will invest 300 million euros ($304 million) in Innovent through subscription of new common shares.
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