Cullinan in-licenses ex-China rights to velinotamig

5 June 2025

US biopharma Cullinan Therapeutics (Nasdaq: CGEM) has entered into an agreement with Genrix Bio (SHA: 688443) for an all-indication, exclusive license to velinotamig, a BCMAxCD3 bispecific T-cell engager for everywhere outside Greater China.

Velinotamig has demonstrated potential best-in-class efficacy at the Phase II target dose in nearly 50 patients with relapsed/refractory (r/r) multiple myeloma (MM). Cullinan will develop velinotamig in autoimmune diseases.

Genrix plans to begin a Phase I study in China by the end of this year in patients with autoimmune diseases.

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