Adding to Claudin18.2 portfolio, AstraZeneca pays $63M cash for antibody-drug conjugate out of China
AstraZeneca is sliding another candidate that targets Claudin18.2 into its pipeline — and this time it’s going for one that’s already in the clinic.
The pharma giant is grabbing CMG901, an antibody-drug conjugate, from China’s KYM Biosciences. In its announcement, AstraZeneca spotlighted Claudin18.2 as a promising target in gastric cancer.
Sporting $63 million upfront, the new deal follows AstraZeneca’s licensing pact with Harbour BioMed last April for a preclinical bispecific, which came with $25 million cash. Under the new deal, KYM Biosciences can earn as much as $1.1 billion in milestones.
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