Sesen Bio announces an exclusive license agreement with Qilu Pharmaceutical for the development and commercialization of Vicineum™ in Greater China
Sesen Bio, Inc. (SESN)
Last sesen bio, inc. earnings: 11/12 07:00 am
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Source: Business Wire
Sesen to receive $12 million upfront and $23 million in potential regulatory and tech transfer milestone paymentsSesen eligible to receive royalties on net sales in ChinaSesen to host conference call Friday, July 31st at 8:00 a.m. EDT CAMBRIDGE, Mass.--(BUSINESS WIRE)--Sesen Bio (Nasdaq: SESN), a late-stage clinical company developing targeted fusion protein therapeutics for the treatment of patients with cancer, and Qilu Pharmaceutical, a leading vertically integrated pharmaceutical company in China specializing in the manufacturing and marketing of active pharmaceutical ingredients and drug products, today announced that the companies have entered into an exclusive licensing agreement for the manufacture, development and commercialization of Vicineum for the treatment of BCG-unresponsive non-muscle invasive bladder cancer (“NMIBC”) and other types of cancer in China, Hong Kong, Macau and Taiwan (“Greater China”).“As a leader in the Chinese pharmaceutical industry, we believe ther
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