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Home » Innovent invests $50M in Ascentage with joint commercialization, development plans
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Innovent invests $50M in Ascentage with joint commercialization, development plans

July 20, 2021
By Elise Mak and Gina Lee
Innovent Biologics Inc. and Ascentage Pharma Group Corp. Ltd. inked a three-component collaboration that comes with joint commercialization of an NDA-stage Bcr-Abl inhibitor and co-development of combination therapies, as well as Innovent taking a stake in Ascentage. The collaboration involves a deal worth up to $145 million and a $50 million investment.
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