Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

GSK files suit against AnaptysBio over licensing rights

(Sharecast News) - GSK has filed a lawsuit against AnaptysBio in the US over licensing rights for its Jemperli cancer treatment. The suit, via GSK's Tesaro subsidiary, alleges a breach of the current agreement, with the UK pharma firm demanding a perpetual license to the drug - also known as dostarlimab - and halving royalties and milestone payments to AnaptysBio.

"Tesaro has initiated this litigation following allegations made by AnaptysBio that Tesaro has not fulfilled certain requirements of the license agreement entered in March 2014 and that AnaptysBio intends to revoke Tesaro's licence for dostarlimab. GSK and Tesaro are firmly of the view that these allegations are entirely without merit," GSK said in a statement on Friday.

Jemperli is currently approved in more than 35 countries for use in certain endometrial cancers, the most common gynaecologic cancer in the US.

GSK added that it had reported significant growth for Jemperli driven by label expansions in endometrial cancer, including in the US and EU.

"A robust and ambitious clinical trial programme to evaluate the potential use of dostarlimab in additional cancers, including rectal, colon and head and neck, is ongoing."

Reporting by Frank Prenesti for Sharecast.com

Share this article

Related Sharecast Articles

BHP says it 'regularly explores options' after report Baowu eyeing iron ore mine stake
(Sharecast News) - BHP said on Friday that it "regularly explores options that may create long-term value to its shareholders" following a report that steelmaker China Baowu Steel Group is considering taking a stake in the company's Jimblebar iron ore mine in Western Australia.
UK new car registrations jump as EV demand accelerates
(Sharecast News) - UK new car registrations rose sharply in August as demand for electric and hybrid vehicles strengthened, industry data revealed on Friday, although September is expected to provide a more meaningful test of underlying demand.
JPMorgan reiterates 'overweight' on Prudential; cites cash conversion, buyback upside
(Sharecast News) - JPMorgan reiterated its 'overweight' rating on Prudential on Friday on cash conversion and buyback upside.
Goldman upgrades Vodafone to 'buy', hikes price target
(Sharecast News) - Goldman Sachs upgraded Vodafone on Friday to 'buy' from 'sell' on higher relative returns and equity upside, despite its lower structural quality.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.