Tag: SinoMab
SinoMab, Sinovent and Everest Medicines Announce Licensing Agreement for Global Development and Commercialization of A Next-Generation BTK Inhibitor in Renal Diseases
SinoMab BioScience Limited (HKEX 3681.HK, “SinoMab”) announced with Suzhou Sinovent Pharmaceuticals Co., Ltd. (“Sinovent”) today that they have entered into an exclusive licensing agreement with Everest Medicines (HKEX 1952.HK, “Everest”) to out-license the right to develop and commercialize SN1011 (referred as “XNW1011” by Sinovent), a covalent reversible Bruton’s tyrosine kinase (BTK) inhibitor, to Everest globally for the treatment of renal diseases. Under the terms of the agreement, SinoMab and Sinovent will receive USD $12 million in initial upfront payments from Everest and up to $549 million as future development, regulatory, and commercial milestone payments, as well as high single-digit to ... Read more