Franck Le Deu’s Post

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Senior Partner with McKinsey, based in China for close to 20 years. I guide Multinationals across sectors to navigate the "China imperative", and the need to reconfigure for opportunity and risk.

“Per the terms of the license agreement, Aadi is granted exclusive rights to certain patents and know-how pertaining to three preclinical ADC programs leveraging HANGZHOU DAC's CPT113 linker payload technology targeting each of Protein Tyrosine Kinase 7 (PTK7), Mucin-16 (MUC16) and Seizure Related 6 Homolog (SEZ6). Aadi will pay aggregate upfront payments of $44 million for in-licensing such ADC programs. Additionally, Aadi is obligated to pay cumulative development milestone payments of up to $265 million, cumulative commercial milestone payments of up to $540 million and single-digit royalties of sales.” Licensing deals from China to global are also between mid-size/small size companies. Shout out to my former McKinsey New Jersey colleague Dave Lennon now CEO of Aadi Bioscience. #china #innovation

Aadi Bioscience Transforms with In-Licensing of Novel ADC Portfolio, $100 Million Sale of FYARRO® and $100 Million PIPE Financing

Aadi Bioscience Transforms with In-Licensing of Novel ADC Portfolio, $100 Million Sale of FYARRO® and $100 Million PIPE Financing

prnewswire.com

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