ProfitabilityInnovent achieved profitability ahead of schedule, realizing better-than-expected profitability due to strong product revenue growth and one-off license fee income.
Regulatory ApprovalInnovent announced it had received marketing approval from the National Medical Products Administration for its next-generation ROS1 tyrosine kinase inhibitor, DOVBLERON, for the treatment of patients with 2L ROS1+ non-small cell lung cancer.
Strategic PartnershipsInnovent Biologics has out-licensed the global rights of a novel DLL3 ADC to Roche through a blockbuster deal, receiving an upfront payment and potential milestone payments, along with tiered royalties on net sales.