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flag Hengrui Pharma licensed its cancer drug to Glenmark for global use outside key markets, earning $18M upfront and potential $1.093B in milestones.

flag Hengrui Pharma has licensed its cancer drug trastuzumab rezetecan to Glenmark Specialty S.A., a Swiss unit of Glenmark Pharmaceuticals, for development and commercialization outside China, the U.S., Europe, Japan, and several other countries. flag Under the deal, Hengrui receives $18 million upfront, up to $1.093 billion in potential milestone payments, and ongoing royalties. flag The drug, approved in China in May 2025 for HER2-mutated non-small cell lung cancer, is under review for breast cancer and holds Breakthrough Therapy Designation in China for nine indications. flag It also received U.S. FDA Orphan Drug Designation in August 2025 for gastric cancer treatment. flag The agreement supports Hengrui’s global expansion and Glenmark’s oncology strategy, with both companies emphasizing innovation and access to emerging markets.

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