The packed PD-(L)1 game just got another player — a low-profile biosimilars company looking to branch out with a $150M cash pact
After the majors lined up their PD-(L)1s, a low-profile biosimilars company has stepped up with the latest partnership as the next wave of checkpoints is about to hit a crowded shore.
Coherus BioSciences is dropping $150 million upfront for the rights to Junshi Biosciences’ toripalimab — China’s first homegrown anti-PD-1 monoclonal antibody to get marketing approval. The biotech joins the ranks of Eli Lilly, Novartis and EQRx, which all struck big PD-1 deals in the last year. The deals raise the possibility that long after becoming megablockbusters, Keytruda and Opdivo could see some price competition in the near future.
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