Simcere Enters Strategic License Agreement with NextCure for Oncology Advancements

Simcere Pharmaceutical Group Limited ( (HK:2096) ) just unveiled an announcement.

Simcere Pharmaceutical Group Limited has entered into a license agreement with NextCure, Inc., granting NextCure global rights (excluding Greater China) to SIM0505, an antibody-drug conjugate targeting CDH6 for solid tumors. Simcere Zaiming, a subsidiary of Simcere, retains rights in Greater China and will receive up to $745 million in payments and royalties from sales outside Greater China. This agreement enhances Simcere’s strategic positioning in the oncology market and expands its global reach, potentially benefiting stakeholders through increased revenue and collaborative innovation.

More about Simcere Pharmaceutical Group Limited

Simcere Pharmaceutical Group Limited is an innovation and R&D-driven pharmaceutical company focusing on neuroscience, anti-oncology, autoimmune, and anti-infection therapeutic areas. It has established a State Key Laboratory of Neurology and Oncology Drug Development and aims to meet significant clinical needs through strategic partnerships and in-house R&D efforts. Its subsidiary, Simcere Zaiming, is dedicated to developing groundbreaking oncology therapies and has launched several innovative products in China.

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