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Adlai Nortye In-Licenses Oncolytic's Cancer Drug in $86.6 Million Deal

publication date: Nov 17, 2017

Adlai Nortye, a Hangzhou company, entered a $86.6 million in-licensing agreement to develop and market a novel immuno-oncolytic virus in Greater China that was discovered by Canada's Oncolytics Biotech®. Reolysin® is an intravenously delivered immuno-oncolytic virus that activates the innate and adaptive immune systems. Oncolytics plans a US Phase III trial of Reolysin in patients with HR+/HER2 metastatic breast cancer. Adlai Nortye will be responsible for all China clinical development of the candidate. More details....

Stock Symbol: (TSX: ONC)

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