Per­cep­tive's Chi­na up­start Lian­Bio con­tin­ues swing­ing deals, team­ing up with lead Xon­toge­ny biotech Lan­dos in IBD

One of Chi­na’s biggest up-and-com­ers has a brand new part­ner, and it’s one whose back­ers are like­ly fa­mil­iar with the oth­er’s.

Per­cep­tive’s Lian­Bio has se­cured a col­lab­o­ra­tion with Lan­dos Bio­phar­ma, the lead com­pa­ny in Chris Garabe­di­an’s Xon­toge­ny fund, to de­vel­op and mar­ket two pro­grams in Greater Chi­na and oth­er coun­tries in the re­gion, the biotechs an­nounced Mon­day morn­ing. In ex­change, Lan­dos is get­ting an up­front pay­ment of $18 mil­lion, up to $200 mil­lion in mile­stones and roy­al­ties on sales in the li­censed ter­ri­to­ries.

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