Roche signs global licensing pact for Simcere's B-cell cancer drug candidate
Roche signs global licensing pact for Simcere's B-cell cancer drug candidate Sept 1 (Reuters) - Chinese drugmaker Simcere Pharmaceutical signed a licensing agreement with Roche on Monday, granting the Swiss pharmaceutical company exclusive global rights to develop, manufacture and commercialise SIM0660, an antibody targeting B-cell cancers.
As per deal terms, Simcere is eligible to receive $75 million of upfront payment and up to $1.46 billion in milestone payments.
(Reporting by Jasmeen Ara Shaikh in Bengaluru; Editing by Anil D'Silva)
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Brief: Simcere Pharmaceutical Enters Exclusive Global Licensing Agreement With Roche For SIM0660