Pfizer Inc. has finalized a significant licensing agreement with 3SBio, Inc., securing exclusive global rights, excluding China, for the development, manufacturing, and commercialization of SSGJ-707, an innovative cancer immunotherapy. This agreement includes a $1.25 billion payment to 3SBio, alongside a $100 million equity investment, and further option payments up to $150 million for exclusive rights in China. SSGJ-707, developed using 3SBio's proprietary CLF2 platform, is undergoing clinical trials in China for various cancers, including non-small cell lung cancer, with positive interim results. Pfizer plans to advance the global Phase 3 development plan, with production in North Carolina and Kansas, underscoring its commitment to pioneering cancer treatments.
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