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GSK buys exclusive rights from Syndivia for ADC in prostate cancer

ALN

GSK PLC on Monday announced an agreement with Syndivia that grants GSK exclusive worldwide rights to develop and commercialise a preclinical antibody-drug conjugate for metastatic castration-resistant prostate cancer.

The London-based pharmaceutical company said the drug has shown ‘enhanced anti-tumour activity’ and an ‘encouraging safety profile’ which demonstrates ‘best-in-class potential’.

In preclinical studies, the antibody-drug conjugate was effective at shrinking tumours without causing a ‘proportional increase’ in significant side effects.

Syndivia is a Strasbourg, France-based private biotechnology company focused on ‘next-generation’ ADCs.

Under the agreement with GSK, Syndivia will receive an upfront payment as well as success-based development and commercial milestone payments up to a total of £268 million.

Syndivia also will receive from GSK tiered royalties on future product sales worldwide.

Hesham Abdullah, global head of Oncology R&D at GSK, said: ‘Prostate cancer represents a significant health burden and an emerging area of growth for GSK, where targeted therapies are urgently needed in metastatic castration-resistant settings. The addition of this ADC builds on GSK’s growing portfolio and strengths in tumour-targeted technologies.’

GSK shares were 1.2% higher at 1,639.50 pence each on Monday morning in London.

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