Hogan Lovells Advises Novartis in Strategic Licensing and Collaboration with Cellular Biomedicine Group to Produce CAR-T Cell Therapy for Patients in China

New York, Shanghai;  27 September 2018 – Hogan Lovells is advising Novartis, a global healthcare company, in a strategic licensing and collaboration agreement with Cellular Biomedicine Group, Inc. (CBMG), to manufacture and supply the CAR-T cell therapy Kymriah® (tisagenlecleucel) in China. CBMG is a clinical-stage biopharmaceutical firm engaged in the development of immunotherapies for cancer and stem cell therapies for degenerative diseases.

Under the terms of the licensing and collaboration agreement, CBMG will receive US$40 million in an equity purchase from Novartis at US$27.43/share for approximately 9% equity. Novartis will receive certain royalty-free intellectual property worldwide rights to certain CBMG CAR-T related technology. CBMG will receive a single-digit escalating percentage collaboration payment based on net product sales. CBMG will receive a mark-up from Novartis on the manufacturing cost. CBMG will take the lead in the manufacturing process, and Novartis will be the exclusive holder of the marketing license and lead distribution, regulatory and commercialization efforts in China.

The Hogan Lovells team advising Novartis was led by New York Corporate partner Adam Golden. He was assisted by partner William Intner, senior associates Erin Howell and Nicholas Hoover, associate Jeffrey Jay ,and law clerk Summer Yuan on corporate matters.  The Hogan Lovells team in Shanghai was led by partner Andrew McGinty. He was assisted by associate Qing Lyu and junior associate Kate Chen.

About Hogan Lovells

Hogan Lovells is a leading global legal practice providing business-oriented legal advice and high-quality service across its exceptional breadth of practices to clients around the world.  

“Hogan Lovells” or the “firm” is an international legal practice that includes Hogan Lovells US LLP and Hogan Lovells International LLP. For more information, see www.hoganlovells.com.

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