Jacobio out-licenses glecirasib and JAB-3312 in China
Hong Kong-listed clinical-stage cancer firm Jacobio Pharma (HKG: 1167) announced that it has granted the China rights to KRAS G12C inhibitor glecirasib and SHP2 inhibitor JAB-3312 to Shanghai Allist Pharmaceuticals (SH: 688578).
The territory includes mainland China, Hong Kong, Macau and Taiwan, and news of the deal saw Jacobio’s shares close up more than 5% at HK$1.67 on Friday.
In 2020, Jacobio granted global rights to both the candidates to AbbVie (NYSE; ABBV), but the US pharma major pulled out of the collaboration last year.
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