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[China BD deal 2022] Kelun-Biotech and MSD enters a 1.41 billion USD license on  Claudin18.2 ADC SKB-315(MK-1200)

Announced Date: 2022-05-16 (May 16, 2022)

Asset Name: SKB-315 (MK-1200)

Licensor: Kelun-Biotech (subsidiary of Sichuan Kelun Pharmaceutical Co., Ltd, China) 

Licensee (Buyer):  MSD (Merck & Co., Inc. USA)

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Asset Modality: Antibody drug conjugate (ADC) 

Asset Target:  Claudin18.2

Current Stage:

Scope of Authority:

Kelun-Biotech has granted MSD global, exclusive rights to develop, manufacture and commercialize an investigational ADC.

Kelun-Biotech and MSD will also collaborate on the early clinical development of the investigational ADC. 

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Deal Detail:

Upfront payment of $47 million,

Milestone payments up to  $1.363 billion,

Plus tiered royalties on net sales.

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Link:

Kelun-Biotech Announces Oncology Research Collaboration and License Agreement with MSD

Note:

Kelun-Biotech (Chinese Name: 科伦博泰)

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