Glenmark In-Licenses Cancer Drug Aumolertinib from Hansoh Pharma for Multiple Regions
GLENMARK · price
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On the reaction day the stock moved 0.5 pts less than Nifty Midcap 150 and 0.3 pts less than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Glenmark's unit GSSA signed an exclusive licensing deal with China's Hansoh Pharma for Aumolertinib, a third-generation lung cancer drug approved in UK and China. Glenmark gets exclusive rights across Middle East, Africa, Southeast and South Asia, Australia, New Zealand, Russia and CIS regions, and some Caribbean nations. Deal terms: low double-digit million USD upfront, milestone payments potentially exceeding USD 1 billion, plus tiered royalties on sales. Boosts Glenmark's oncology portfolio.
Boosts Glenmark's oncology pipeline across emerging markets, with long-term revenue potential from milestones and royalties, though payout depends on future achievements.