Clinical TrialsConnect Biopharma Holdings Ltd. initiated parallel Phase 2 Seabreeze STAT proof-of-concept trials in acute asthma and COPD for their lead asset rademikibart, which may demonstrate significant efficacy.
Financial OutlookConnect Biopharma Holdings is eligible to receive milestone payments up to approximately $110M and royalties at tiered percentage rates up to low double-digit percentages on net sales in Greater China, which could provide financial flexibility to invest further in development without diluting shareholders.
Regulatory ProgressConnect Biopharma's partner Simcere submitted an NDA for rademikibart in China for atopic dermatitis, indicating potential regulatory advancement and commercial opportunity.