
Japanese drugmaker Taiho Pharmaceutical, a subsidiary of Otsuka (TYO: 4578), and China-based Haihe Biopharma have entered into an exclusive license agreement regarding the development, manufacturing and commercialization of the PI3Kα (phosphatidylinositol 3-kinase alpha) inhibitor risovalisib (CYH33).
Risovalisib is currently being submitted for manufacturing and marketing approval in Japan as a treatment for ovarian clear cell carcinoma by Haihe Biopharma KK, a fully-owned affiliate of Haihe.
Under the license agreement, Taiho will gain exclusive rights in Japan to develop, manufacture and commercialize risovalisib, and Haihe will receive an undisclosed upfront payment, development and sales milestones, as well as royalties based on sales revenue from Taiho.
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