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China's Innovent Biologics gains commercialization rights for Eli Lilly breast cancer drug

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China's Innovent Biologics gains commercialization rights for Eli Lilly breast cancer drug

Innovent Biologics secured sole commercialization rights for Eli Lilly’s breast cancer drug Verzenios in mainland China. The agreement expands Innovent’s regional revenue opportunity, while the impact on near-term earnings will depend on launch uptake and reimbursement in China.

Analysis

Innovent Biologics secured sole commercialization rights for Eli Lilly’s breast cancer drug Verzenios in mainland China. The agreement expands Innovent’s regional revenue opportunity, while the impact on near-term earnings will depend on launch uptake and reimbursement in China.

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