July 10 Company Quick Takes: I-Mab licenses MacroGenics mAb; plus Mirati-Novartis, Jazz-Redx, Sanofi, Horizon and more

I-Mab gains China rights to enoblituzumab

I-Mab Biopharma (Shanghai, China) gained exclusive rights to enoblituzumab from MacroGenics Inc. (NASDAQ:MGNX) in China, Hong Kong, Macao and Taiwan for $15 million up front. MacroGenics is eligible for $135 million in development and regulatory milestones, plus tiered double-digit royalties. MacroGenics plans to begin a Phase II trial this year of the Fc-optimized mAb against B7-H3 in combination with PD-1 inhibitor

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