LG Chem officially develops new anti-cancer therapeutic drugs

On April 1st, LG Chem announced that it has signed a strategic cooperation agreement with Frontier Medicines of the United States regarding the upcoming Phase I clinical trial of a new anti-cancer drug candidate “FMC-220.” LG Chem will obtain exclusive global research and commercialization licensing rights. Through this cooperation, LG Chem will be responsible for global market development and commercialization outside of China, and will pay an upfront payment to Frontier Medicines, followed by phased payments for research and development, commercialization costs, and sales licensing fees.

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