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Blueprint Medicines inks deal with CStone Pharmaceuticals to develop and commercialize Avapritinib, BLU-554 and BLU-667 in China [Seeking Alpha]
Last blueprint medicines corp common earnings: 8/1 07:00 am
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Blueprint Medicines inks deal with CStone Pharmaceuticals to develop and commercialize Avapritinib, BLU-554 and BLU-667 in ChinaBlueprint Medicines (NASDAQ:BPMC) and CStone Pharmaceuticals, a privately-held biopharmaceutical companyannounces an exclusive collaboration and license agreement for the development and commercialization of avapritinib, BLU-554 and BLU-667 in Mainland China, Hong Kong, Macau and Taiwan, either as monotherapies or combination therapies.Avapritinib, BLU-554 and BLU-667 are potent and highly selective investigational kinase medicines that have each demonstrated clinical proof-of-concept in genomically defined subsets of patients with cancer. Blueprint Medicines will retain all rights to the licensed products in the rest of the world.Under the terms of the agreement, Blueprint Medicines will receive an upfront cash payment of $40M and up to ~$346M in milestones. In addition, CStone Pharmaceuticals will be obligated to pay Blueprint Medicines tiered percentage ro
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NEWS
- Blueprint Medicines Corp (NASDAQ: BPMC) was upgraded by analysts at BidaskClub from a "sell" rating to a "hold" rating.[MarketBeat]
- Blueprint Medicines Corp (NASDAQ: BPMC) was upgraded by analysts at ValuEngine from a "buy" rating to a "strong-buy" rating.[MarketBeat]
- Blueprint Medicines Corp (NASDAQ: BPMC) was downgraded by analysts at BidaskClub from a "hold" rating to a "sell" rating.[MarketBeat]
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SEC Filings
- 10/9/18 - Form 8-K
- 10/1/18 - Form 8-K
- 9/26/18 - Form 8-K
- BPMC's page on the SEC website
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