Business · Companies · 1 hr ago

Roche agrees deal with Hansoh worth up to $15 billion

Roche agrees deal with Hansoh worth up to $15 billion

Roche has agreed to work with China-based Hansoh on developing antibody-drug conjugates, or ADCs.

Roche will pay $400 million upfront, and the deal could be worth up to $15 billion in total.

Hansoh will contribute two experimental ADCs that are still in preclinical development and develop other candidates against targets Roche proposes.

The companies have not said which drugs or diseases the partnership will focus on.

The agreement is Roche’s sixth deal in China since late August, reflecting a recent push to work with Chinese drugmakers.

The companies have not announced further details about the partnership’s next steps.

3 sources

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