Glenmark, Jiangsu Alphamab Biopharmaceuticals and 3D Medicines announce the signing of a License Agreement for KN035 for Multiple Geographies around the World

Glenmark Pharmaceuticals Ltd Bahrain Iran Iraq Jordan Kuwait Lebanon Oman Palestine Qatar Saudi Arabia Syria United Arab Emirates Yemen Australia Philippines Vietnam India

Glenmark will be responsible for further developing, registering, and commercializing Envafolimab in India, Asia Pacific, Middle East and Africa, Russia, CIS, and Latin America. Jiangsu Alphamab and 3D Medicines will receive a low double digit Million US Dollar amount up to launch, additional triple digit Million US Dollar milestone payments based on sales performance across the length of the agreement, and a royalty fee of single-to-double-digits percentage according to the level of net sales.Jiangsu Alphamab will be responsible of manufacturing KN035 within and outside the Territory. 3D Medicines retains the right to develop and commercialize Envafolimab for any purpose outside the Territory.View original content:https://www.prnewswire.co.uk/news-releases/glenmark-jiangsu-alphamab-biopharmaceuticals-and-3d-medicines-announce-the-signing-of-a-license-agreement-for-kn035-envafolimab-for-multiple-geographies-around-the-world-302044496.html