Innovent Biologics has entered a $10.5 billion partnership with Pfizer to co-develop and co-commercialize a portfolio of 12 early-stage cancer medicines, focusing on antibody-drug conjugates. Innovent will share costs and profits with Pfizer in the U.S. and Europe, while retaining rights in Greater China. The deal includes a $650 million upfront payment and potential milestone payments up to $9.85 billion, plus royalties on sales if products are approved. This collaboration highlights the growing focus on oncology drug development amid rising cancer concerns worldwide.
Innovent Biologics and Pfizer have entered a global licensing and collaboration agreement to research and develop 12 early-stage cancer medicines, including antibody-drug conjugates and multi-specific antibodies. Innovent will lead initial developmen...
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