Akeso, Inc. (HK:9926) has released an update.
Akeso, Inc. has expanded its license agreement with Summit Therapeutics Inc., now including exclusive development and commercialization rights for its bi-specific antibody, ivonescimab, in additional regions such as Central and South America, the Middle East, and Africa. The amendment promises Akeso up to $70 million in upfront and milestone payments, plus sales royalties. Ivonescimab, which has been approved in China for certain lung cancer treatments, is undergoing multiple clinical trials for various indications.
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