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flag Innovent and Takeda closed a $11.4B deal for three cancer drugs, with Takeda leading U.S. development of one and sharing profits 40/60 in the U.S.

flag Innovent Biologics and Takeda have closed a global partnership effective December 4, 2025, advancing three cancer therapies: IBI363, IBI343, and an option on IBI3001. flag Takeda will lead development and co-commercialize IBI363 in the U.S., while Innovent retains rights in Greater China. flag Takeda gains exclusive rights outside Greater China for IBI343 and an option to license IBI3001 globally. flag Innovent receives $1.2 billion upfront, including a $100 million equity stake, with potential up to $10.2 billion in milestones, totaling $11.4 billion. flag Royalties apply outside Greater China, except in the U.S. for IBI363, where profits and losses are split 40/60.

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