SEHK:9995Biotechs
RemeGen (SEHK:9995) Is Down 7.8% After US$650m AbbVie PD-1/VEGF Licensing Deal News - Has The Bull Case Changed?
Earlier in January 2026, AbbVie and RemeGen announced an exclusive licensing agreement for RC148, a PD-1/VEGF bispecific antibody for advanced solid tumors, giving AbbVie rights outside Greater China in exchange for an upfront US$650 million payment plus very large potential milestone payments and tiered double-digit royalties.
The deal not only validates RemeGen’s oncology platform but also links RC148 to AbbVie’s antibody-drug conjugate pipeline, broadening future combination therapy...