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Stock impact report

China's rising biotech clout on show in flurry of billion-dollar licensing deals [Yahoo! Finance]

AstraZeneca PLC - American Depositary Shares (AZN) 
Last astrazeneca plc - american depositary shares earnings: 2/5 04:00 pm Check Earnings Report
US:NYSE Investor Relations: astrazeneca.com/investor-relations.html
Company Research Source: Yahoo! Finance
Jacobio Pharmaceuticals said it expected to receive an upfront payment of US$100 million from AstraZeneca, according to a filing to the Hong Kong stock exchange on December 21. The British-Swedish drugmaker was paying for exclusive rights to research, develop, register, manufacture and commercialise Jacobio's experimental cancer therapy JAB-23E73 in markets worldwide, excluding mainland China, Hong Kong, Macau and Taiwan. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Jacobio could also earn up to US$1.92 billion in milestone payments linked to development, regulatory and commercial targets, and would receive tiered royalties on sales. JAB-23E73 is an oral pill designed to inhibit KRAS, a mutated protein that can fuel tumour growth, while sparing closely related "good" proteins - Show less Read more
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