Keymed Biosciences receives USD45 million CMG901 milestone payment from AstraZeneca

Reuters
Mar 10
Keymed Biosciences receives USD45 million CMG901 milestone payment from AstraZeneca

Keymed said AstraZeneca has initiated a multi-center Phase III trial of AZD0901 in combination with capecitabine, with or without rilvegostomig, for first-line treatment of Claudin 18.2-positive and HER2-negative advanced/metastatic gastric, gastroesophageal junction or esophageal adenocarcinoma. The first subject dosed in the trial triggered a milestone payment of USD 45 million, which the group said it has received. Keymed added that KYM, the unit developing CMG901/AZD0901, is 70% owned by the group, with the remaining 30% held by Innocube under Lepu Biopharma’s control.

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