Genscript Biotech (HK:1548) has released an update.
Genscript Biotech’s subsidiary, Probio Nanjing, has entered into a significant license agreement with LaNova Medicines, granting exclusive rights to develop and commercialize anti-PD-1 single domain antibodies worldwide. This agreement entitles Probio to upfront and milestone payments, as well as a share of sublicense revenue, potentially boosting its financial prospects. Additionally, LaNova’s collaboration with Merck to develop an investigational bispecific antibody, incorporating Probio’s licensed technology, could further enhance revenue streams.
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