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[China BD deal 2025]Hansoh and Regeneron enters a 2 billion USD license on GLP-1/GIP Ra HS-20094

Announced Date: 2025-06-02 (June 2, 2024)

Asset Name: HS-20094

Licensor: Hansoh (Hansoh Pharmaceuticals Group, China)

Licensee (Buyer):  Regeneron (Regeneron Pharmaceuticals, Inc., USA)

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Asset Modality: Small Molecule

Asset Target: dual GLP-1/GIP receptor agonist  (weekly subcutaneous injection)

Current Stage: Phase III, China 

Scope of Authority:

Hansoh Pharma has granted Regeneron an exclusive clinical development and commercial rights outside of the Chinese Mainland, Hong Kong and Macau for HS-20094.

Deal Detail:

Upfront payment of $80 million,

Milestone payments up to  $1.93 billion,

Total up to $2.01 billion.

Future potential royalties for global net sales outside of the designated territories would be in the low double digits.

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Link:

Regeneron Expands Clinical-Stage Obesity Portfolio with Strategic In-Licensing of Novel Dual GLP-1/GIP Receptor Agonist

https://investor.regeneron.com/news-releases/news-release-details/regeneron-expands-clinical-stage-obesity-portfolio-strategic

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