HANSOH GRANTS MSD AN EXCLUSIVE GLOBAL LICENSE RIGHTS TO ITS INVESTIGATIONAL ORAL GLP-1 RECEPTOR AGONIST HS-10535
- Hansoh Pharma grants MSD an exclusive global license ;of its Investigational Oral small molecule GLP-1 receptor agonist.
- Hansoh receives upfront payments totaling $112 million, and is eligible to receive development, regulatory and commercial milestone payments up to $1.9 billion as well as royalties on product sales.
SHANGHAI, December 18, 2024 — Hansoh Pharma (03692.HK) and MSD (tradename of Merck & Co., Inc., Rahway, N.J., USA) announced that they have entered into an exclusive global license agreement for HS-10535, an investigational preclinical oral small molecule GLP-1 receptor agonist.
Under the agreement, Hansoh Pharma has granted MSD an exclusive global license to develop, manufacture and commercialize HS-10535. Hansoh Pharma will receive an upfront payment of $112 million and is eligible to receive up to $1.9 billion in milestone payments associated with the development, regulatory approval and commercialization of the candidate, as well as royalties on product sales. Hansoh may co-promote or solely commercialize HS-10535 in China subject to certain conditions.
“We are pleased to announce the in-license of our oral GLP-1 by MSD, a company with established leadership in cardiometabolic diseases,” said Ms. Eliza Sun, Executive Director of the Board, Hansoh Pharma. “Hansoh Pharma is becoming an emerging leader in metabolic diseases, and we see MSD’s expertise and capabilities as key to accelerating the development of this promising asset for patients worldwide.”
“We continue to leverage science-driven business development to augment and complement our robust pipeline,” said Dr. Dean Y. Li, president, MSD Research Laboratories. “Through this agreement, we aim to build on our experience targeting incretin biology to evaluate HS-10535 and its potential to provide additional cardiometabolic benefits beyond weight reduction.”
About MSD
At MSD, known as Merck & Co., Inc., Rahway, N.J., USA in the United States and Canada, we are unified around our purpose: We use the power of leading-edge science to save and improve lives around the world. For more than 130 years, we have brought hope to humanity through the development of important medicines and vaccines. We aspire to be the premier research-intensive biopharmaceutical company in the world – and today, we are at the forefront of research to deliver innovative health solutions that advance the prevention and treatment of diseases in people and animals. We foster a diverse and inclusive global workforce and operate responsibly every day to enable a safe, sustainable and healthy future for all people and communities. For more information, visit www.msd.com and connect with us on X (formerly Twitter), LinkedIn and YouTube.
Hansoh Pharma is a leading innovation-driven pharmaceutical enterprise headquartered in China. With the mission of "continuous innovation for better life", the company focuses on major disease therapeutic areas such as oncology, anti-infectives, central nervous system (CNS), metabolism and immunology. Hansoh Pharma has launched 7 innovative drugs that generate product sales in China, with the revenue from innovative drugs and collaborative products exceeding 80%, forming a rich product pipeline. The company has consistently ranked among the top 100 global pharmaceutical companies and is recognized as one of the top 3 pharmaceutical R&D enterprises in China and is designated as a National Key High-Tech Enterprise and a National Technology Innovation Demonstration Enterprise. Hansoh Pharma was listed on the Hong Kong Stock Exchange in June 2019 (stock code: 03692.HK).
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Forward-Looking Statements
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