CStone sells Servier Chinese rights to Tibsovo
Suzhou, China-based cancer company CStone Pharmaceuticals (HKEX: 2616) has inked a deal with French drugmaker Servier to sell certain rights to Tibsovo (ivosidenib).
The privately-held firm has acquired the exclusive rights to develop and commercialize the product in China and Singapore.
Under the terms of the agreement, CStone will transfer the Tibsovo business in the territories to Servier for $44 million upfront, plus $6 million upon completion.
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