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Roche Inks $15B ADC Pact with Hansoh; Veradermics Scores in Another Baldness Study

Hansoh gets $400 million upfront and could earn more than $15 billion in milestones as Roche takes global rights outside Greater China.

Roche is paying Hansoh $400 million up front in a broad deal involving several ADCs. Elsewhere, another top investor formed a China-focused fund and Ultragenyx sold a second review voucher.

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Roche is expanding its collaboration with China's Hansoh Pharmaceutical in a deal that could be worth more than $15 billion, about SEK 150 billion, plus royalties. The deal includes several early-stage cancer projects and marks a continued growing interest in Chinese drug development.

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biopharmadive.com broke the news on Monday, October 19, 2026.
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