Morrison Foerster advised CSPC Megalith Biopharmaceutical Co., Ltd., a subsidiary of CSPC Pharmaceutical Group Limited (Stock code: 1093.HK) in connection with an exclusive license agreement with Elevation Oncology, Inc. (NASDAQ: ELEV). Under the terms of the agreement, CSPC Megalith agreed to grant an exclusive license to Elevation Oncology to develop and commercialize SYSA1801, a novel anti-Claudin 18.2 antibody drug conjugate, outside Greater China (including mainland China, Hong Kong, Macau, and Taiwan).
The MoFo deal team was led by Boston Technology Transactions Group and Life Sciences Transactions + Licensing partner Matt Karlyn and associate Mai Zymaris, with assistance from San Francisco senior of counsel Otis Littlefield, San Francisco Technology Transactions Group associate Dr. Gilbert Choi, Boston Technology Transactions Group associate Hannah Koo, and Washington, D.C. FDA Regulatory + Life Sciences Compliance of counsel Brigid Bondoc.
Read the press release for the transaction.