GSK Plc is to acquire a candidate immunotherapy from Chimagen Biosciences Ltd of Shanghai, China in order to strengthen its portfolio of candidate products for autoimmune diseases. Announced on 29 October, the agreement involves an upfront payment of $300 million by GSK for full global rights to the asset, CMG1A46, which is a clinical-stage dual CD19 and CD20-targeted T cell engager. In addition, Chimagen will be eligible for development and commercial milestone payments totalling $550 million.
