Daily Newsletter

11 August 2023

Daily Newsletter

11 August 2023

Antengene and Hansoh partner to commercialise XPOVIO in China

XPOVIO secured its approval for use along with dexamethasone to treat adult patients.

RanjithKumar Dharma August 11 2023

Antengene has signed a collaboration agreement with Hansoh Pharmaceutical Group (Hansoh Pharma) to commercialise XPOVIO (selinexor) in Mainland China.

XPOVIO is the world's first approved orally available selective inhibitor of the nuclear export protein XPO1.

XPOVIO secured its approval for use in mainland China along with dexamethasone to treat adult patients with relapsed or refractory multiple myeloma.

It is intended for patients who have previously received therapies, as well as those whose disease is refractory to at least one proteasome inhibitor, at least one immunomodulatory agent and an anti-CD38 monoclonal antibody.

Antengene founder, chairman and CEO Dr Jay Mei stated: “Through collaborating with Hansoh Pharma, we will leverage their well-established commercialisation infrastructure to make XPOVIO more accessible to patients in mainland China.”

Antengene will continue XPOVIO's activities related to research, development, regulatory approvals, product supply and distribution.

Hansoh Pharma will exclusively manage the commercialisation of XPOVIO in mainland China.

Antengene is eligible for 200m yuan ($27.7m) in upfront payments from Hansoh Pharma, with 100m yuan due upon the signing of the agreement.

The company could also secure milestone payments of up to 535m yuan from Hansoh Pharma.

Hansoh executive director Yuan Sun stated: “We look forward to collaborating with Antengene and making XPOVIO available to the widest possible number of Chinese patients with haematological malignancies.”

Healthcare companies are hesitant to invest in the metaverse

The COVID-19 pandemic pushed the healthcare industry to rapid digitalization. Increased use of telehealth, telepresence systems, remote diagnostics, predictive AI, and wearable technology is changing how healthcare is delivered and improving patient outcomes. Emerging technologies such as AR and VR are becoming increasingly routine for professional training, surgical assistance, and treatment of psychological and neurological disorders. In the pharma and medical devices industries, AR, VR, and AI are rapidly accelerating drug discovery and manufacturing and generating supply chain efficiencies. New digital opportunities will look to build upon disruptive technologies. However, affordability is a limiting factor to widespread adoption. Per GlobalData estimates, the metaverse market is expected to grow at a CAGR of more than 33% between 2023 and 2030. Although metaverse technologies could reinvent healthcare approaches and bring new experiences to healthcare providers and patients, adoption is still at an early stage. There are currently few use cases in the healthcare industry. The metaverse needs to overcome major challenges for healthcare, including regulation and data privacy concerns. Evidence of proven use cases and participation by a critical mass of users are imperative to drive a shift in metaverse investment.

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