Shanghai Fosun Pharmaceutical Signs Licensing Deal for Blood Cancer Drug

MT Newswires Live

2025/02/07

Shanghai Fosun Pharmaceutical (SHA:600196) subsidiary Henlius signed a licensing agreement with Dr. Reddy's to develop, produce, and commercialize HLX15 in the US and 42 European countries, including the UK and Switzerland.

HLX15 is a biosimilar of Daratumumab and is intended to treat multiple myeloma, according to a Thursday filing with the Shanghai bourse.

The deal includes an upfront payment of $33 million and potential milestone payments of up to $98.6 million yuan.

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