Tocagen inks commercialization deal with ApolloBio in China; shares up 6% [Seeking Alpha]
TOCAGEN INC COMMON (TOCA)
Last tocagen inc common earnings: 2/27 04:10 pm
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Source: Seeking Alpha
Tocagen inks commercialization deal with ApolloBio in China; shares up 6%Tocagen (TOCA+5.6%) enters into a licenseagreement with ApolloBio affiliate Beijing Apollo Venus Biomedical Technology for exclusive rights to commercialize lead cancer immunotherapy Toca 511 & Toca FC in greater China (includes Hong Kong, Macau and Taiwan).Under the terms of the deal, Tocagen will receive $16M upfront, $4M in near-term milestones, up to $111M in future milestones and tiered low double-digit royalties on net sales.See all stocks on the move »Now read:U.S. Biotech/Pharma Sector Daily Observations Letter: March 7, 2018 »
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