CStone Enters Exclusive Collaboration With Blueprint Medicines
Cooley advised CStone Pharmaceuticals on its exclusive collaboration and license agreement with Blueprint Medicines to develop and commercialize its cancer therapy, avapritnib, in mainland China, Hong Kong, Macau and Taiwan. Partner Christina Zhang led the Cooley team advising CStone.
Under the terms of the agreement, CStone will make an upfront payment of $40 million in cash to Blueprint. Blueprint is also eligible to receive approximately $346 million in potential milestone payments in addition to tiered percentage royalties.