AstraZeneca and Daiichi Sankyo Partner in $6.9B Deal for Novel HER2-Targeting Cancer Drug
• AstraZeneca commits $3.5 billion upfront and up to $5.55 billion in milestone payments to co-develop trastuzumab deruxtecan, a promising antibody-drug conjugate for HER2-expressing cancers.
• The investigational drug has received FDA Breakthrough Therapy Designation for HER2-positive advanced breast cancer and shows potential across multiple tumor types including gastric, lung, and colorectal cancers.
• The collaboration aims to accelerate global development with five pivotal trials already underway, targeting a first regulatory filing in advanced breast cancer by late 2019.