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Apogenix Enters into Licensing Agreement with CANbridge Life Sciences for Immuno-Oncology Candidate in China

Jul. 15, 2015

Apogenix, a next generation immuno-oncology company, announced on July 15, 2015 that it had entered into an exclusive licensing agreement with CANbridge Life Sciences, a biopharmaceutical company focused on developing Western drug candidates in China and North Asia. The agreement allows for the development and commercialization of lead immuno-oncology drug candidate APG101 in China, Macao, and Hong Kong. Under the terms of the agreement, Apogenix will receive upfront and milestone payments, as well as royalty payments at tiered, double-digit royalty rates following commercial launch of APG101 in China. APG101 is a CD95 ligand inhibitor which restores the immune response against tumors and inhibits invasive tumor cell growth. The drug candidate is being developed for the treatment of solid tumors and malignant hematological diseases. In a controlled phase II proof-of-concept trial in patients with recurrent glioblastoma, treatment with APG101 in combination with radiotherapy has demonstrated clinical superiority in all study endpoints compared to treatment with radiotherapy alone.