On March 3, 2019 3SBio Inc. ("3SBio") (HKEX: 1530) and Taiwan Liposome Company, Ltd. ("TLC") (Nasdaq: TLC, TWO: 4152) reported an exclusive partnership to commercialize in mainland China two liposomal products utilizing TLC’s proprietary NanoX technology platform in the therapeutic areas of oncology and severe infectious diseases (Press release, 3SBio, MAR 3, 2019, View Source [SID1234553911]). Under this alliance, TLC and 3SBio will cooperate to obtain regulatory approvals in mainland China, and TLC will utilize its commercial-scale manufacturing capabilities to supply the two liposomal products for 3SBio to commercialize in mainland China. The two companies also agreed to further collaboration in researching and developing other novel liposomal products in the therapeutic areas of osteoarthritis, pain management, ophthalmology, and oncology.
Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:
Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing
Schedule Your 30 min Free Demo!
"3SBio’s partnership with TLC reflects the continuous execution of our strategy to introduce novel therapeutics which addresses significant unmet medical needs of cancer patients in China," said Dr. Jing Lou, Chairman and Chief Executive Officer of 3SBio. He added, "We intend to seek regulatory approval for the two liposomal products to treat patients with cancer and severe infectious diseases in the near future. We believe both candidates have strong commercial potential due to the lower toxicity profile of TLC’s liposomal formulations and will complement 3SBio’s oncology therapeutic and supportive care portfolio while leveraging 3SBio’s commercial platform with over 2,500 sales and marketing professionals across China."
Under the terms of the agreement, TLC is eligible to receive up to US$25 million in upfront payments for each product and subsequent regulatory and sales milestone payments. TLC is also eligible a share of the potential profits from product sales. Additional financial terms were not disclosed.
"We are excited to have 3SBio as a partner to collaborate on the advancement of our NanoX technology-based products," commented TLC President George Yeh. "This opportunity is an endorsement to the competency of our NanoX platform, which was applied to products that have been approved for sale in Taiwan. With this partnership, we are able to take full advantage of NanoX’s manufacturing capabilities to expand our commercial framework. We believe that 3SBio’s prominent position in China’s biotech industry, coupled with the commercial capacities at our contract manufacturing organizations’ facilities in Australia and Taiwan, will lead to the successful launch and commercialization of these products in mainland China."