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NeoStem forges licensing deal to start Phase II study in China

  • NeoStem (NBS) has signed a licensing agreement with China-based Cellular Biomedicine Group (CBMG) to begin a Phase 2 trial of NeoStem's DC-TC immunotherapy in patients with late-stage liver cancer.
  • NeoStem will receive $1M when the first patient is enrolled in the study - which will take place in China - and up to $30M in milestone fees over the lifetime of the agreement, as well as royalties and sub-license payments. CBMG will also pay for the trial and take responsibility for clinical, marketing and commercialization activities in China.
  • NeoStem has also reached an agreement with the FDA to start Phase III trials of its Melapuldencel-T treatment for metastatic melanoma. (PR)
Comments (1)
  • Wetworks
    , contributor
    Comment (1) | Send Message
     
    $NBS just turned into a China Pharma play. Didn't see this one coming.
    13 May, 09:42 AM Reply Like
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