KELUN PHARMA(SZ:002422) Mei Ri Jing Ji Xin Wen·2025-12-04 12:21Core Insights - The company announced a strategic partnership with Crescent Biopharma to jointly develop and commercialize oncology treatments [1] - The collaboration involves two candidate drugs: SKB105 from the company and CR-001 from Crescent [1] - The company grants Crescent exclusive rights to develop SKB105 outside the US, Europe, and Greater China, while Crescent grants the company exclusive rights to develop CR-001 in Greater China [1] Financial Aspects - The company will receive an upfront payment of $80 million from Crescent [1] - There is potential for the company to earn up to $1.25 billion in milestone payments [1] Research and Development - The partnership includes the development of both monotherapy and combination therapy for the two candidate drugs [1] - The collaboration enhances the company's differentiated oncology research pipeline by incorporating CR-001 [1]