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flag RAPT Therapeutics secures global rights to RPT904, an anti-IgE antibody, with China-based Jemincare.

flag RAPT Therapeutics and Shanghai Jemincare Pharmaceutical have agreed on an exclusive license for RPT904, an extended half-life anti-IgE antibody. flag RAPT gains worldwide rights except for mainland China, Hong Kong, Macau, and Taiwan. flag Jemincare receives a $35 million upfront fee, up to $672.5 million in milestones, and future royalties. flag RAPT aims to develop RPT904 for food allergy, while Jemincare is testing it for asthma and urticaria in China.

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