Abbisko Cayman Ltd. Secures $85M Global Commercialization Deal with Merck for Pimicotinib

Reuters

05-29

Abbisko Cayman Ltd. Secures $85M Global Commercialization Deal with Merck for Pimicotinib

Abbisko Cayman Ltd. has announced that its subsidiary, Abbisko Therapeutics Co., Ltd., has received an $85 million global commercialization option exercise fee from Merck. This payment is part of a licensing agreement for pimicotinib (ABSK021), a CSF-1R inhibitor, and will be recognized as revenue in 2025. The agreement, initially established in December 2023, grants Merck exclusive commercial licensing rights for the drug. Abbisko Cayman Ltd. cautions shareholders and potential investors that there is no guarantee of successful market launch for ABSK021.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Abbisko Cayman Ltd. published the original content used to generate this news brief on May 29, 2025, and is solely responsible for the information contained therein.

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Secures $85M Global Commercialization Deal with Merck for Pimicotinib","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Abbisko Cayman Ltd. Secures $85M Global Commercialization Deal with Merck for Pimicotinib\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Abbisko Cayman Ltd. has announced that its subsidiary, Abbisko <a href=\"https://laohu8.com/S/LENZ\">Therapeutics</a> Co., Ltd., has received an $85 million global commercialization option exercise fee from Merck. This payment is part of a licensing agreement for pimicotinib (ABSK021), a CSF-1R inhibitor, and will be recognized as revenue in 2025. The agreement, initially established in December 2023, grants Merck exclusive commercial licensing rights for the drug. 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Secures $85M Global Commercialization Deal with Merck for Pimicotinib\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-05-29 12:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Abbisko Cayman Ltd. Secures $85M Global Commercialization Deal with Merck for Pimicotinib\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Abbisko Cayman Ltd. has announced that its subsidiary, Abbisko <a href=\"https://laohu8.com/S/LENZ\">Therapeutics</a> Co., Ltd., has received an $85 million global commercialization option exercise fee from Merck. This payment is part of a licensing agreement for pimicotinib (ABSK021), a CSF-1R inhibitor, and will be recognized as revenue in 2025. The agreement, initially established in December 2023, grants Merck exclusive commercial licensing rights for the drug. Abbisko Cayman Ltd. cautions shareholders and potential investors that there is no guarantee of successful market launch for ABSK021.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Abbisko Cayman Ltd. published the original content used to generate this news brief on May 29, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2324357040.USD","symbol_name":"HSBC GIF GLOBAL EQUITY SUSTAINABLE HEALTHCARE \"AC\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250529:nNDLpbBPT:1","article_id":"2539875792","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539875792","pubTimestamp":1748491393,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Abbisko Cayman Ltd. has announced that its subsidiary, Abbisko Therapeutics Co., Ltd., has received an $85 million global commercialization option exercise fee from Merck. 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Secures $85M Global Commercialization Deal with Merck for Pimicotinib\n    \n\n        Abbisko Cayman Ltd. has announced that its subsidiary, Abbisko Therapeutics Co., Ltd., has received an $85 million global commercialization option exercise fee from Merck. This payment is part of a licensing agreement for pimicotinib (ABSK021), a CSF-1R inhibitor, and will be recognized as revenue in 2025. The agreement, initially established in December 2023, grants Merck exclusive commercial licensing rights for the drug. Abbisko Cayman Ltd. cautions shareholders and potential investors that there is no guarantee of successful market launch for ABSK021.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Abbisko Cayman Ltd. published the original content used to generate this news brief on May 29, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}