BeiGene agrees to acquire Ensem Therapeutics' cancer therapy
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Nov 21 (Reuters) - BeiGene said on Tuesday it has entered into an agreement with biotech company Ensem Therapeutics to acquire a global license for a cancer therapy that is ready to enter early-stage trial.
Under the terms of the deal, Ensem will receive an upfront payment and will be eligible for additional payments totaling up to $1.33 billion on the achievement of certain milestones, in addition to tiered royalties. (Reporting by Sriparna Roy in Bengaluru; Editing by Pooja Desai)
