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Crescent forms PD-1xVEGF, ADC pact with Kelun, raises $185M

Crescent Biopharma made a set of sweeping moves Thursday morning, notably with its strategy of bringing its PD-1xVEGF to China.

This report was first published by Endpoints News. To see the original version, click here

Crescent Biopharma made a set of sweeping moves Thursday morning, notably with its strategy of bringing its PD-1xVEGF to China.

Boston-based Crescent signed a two-way deal with Kelun-Biotech, in which both companies will have access to some of each others’ assets. Crescent said that clinical trial preparation is underway and that it secured a $185 million private placement.

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