On November 12th, Apollo Therapeutics announced that it has entered into an exclusive licensing agreement with Sunshine Lake Pharmaceutical for the development of APL-18881 (HEC88473). APL-18881 is a bispecific fusion protein targeting the FGF21 receptor and the GLP-1 receptor, developed by Sunshine Lake Pharma. The total value of the deal is $938 million.
Apollo Therapeutics Signs Exclusive Ex-China License From Sunshine Lake Pharma for Clinical-Stage FGF21 / GLP-1 Dual Receptor Agonist, a Therapeutic With Major Commercial Potential in Multiple Indications
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