Pfizer Signs Experimental Drug Licensing Agreement With 3SBio

Pharmaceutical giant Pfizer Inc. (PFE) has signed a significant licensing agreement with China's 3SBio Inc. for an experimental cancer drug, SSGJ-707. According to the deal, Pfizer will pay $1.25 billion upfront and could pay up to an additional$4.8 billion contingent upon achieving certain development milestones. Also, Pfizer plans to invest $100 million in 3SBio through an equity stake once the transaction is finalized, which is expected in third-quarter 2025.For some time now, SSGJ-707 has been undergoi ...