Top Biopharma Deal June 2021: iTeos – GSK for EOS-448 anti-TIGIT mAb for Solid Tumors
Highlighted Deal Financial Comps
Total Deal Value:
Cost & Profit Split:
- iTeos granted GSK exclusive, worldwide rights to develop and commercialize EOS-448 for solid tumors.
- GSK will be fully responsible for global R&D costs, 50% of U.S. commercialization, and 100% of ex-U.S. commercialization costs.
- iTeos Therapeutics will receive $625M up front and is eligible to receive up to $1.45B in milestone payments, a 50% cost and profit split in the U.S., and tiered royalties ex-U.S.
Congrats to iTeos and GSK for landing the DealForma June 2021 Top Biopharma Deal of the Month. The Deal of the Month for May 2021 was also a TIGIT deal among Agenus and BMS for AGEN-1777. Read about it here.
DealForma’s Deal of the Month selection is based on the largest disclosed upfront cash and equity total in partnership deals involving R&D as announced in the month prior to this article. Data for this analysis was compiled using the DealForma biopharma deals database. All data are based on publicly disclosed figures and deal terms.
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