GSK to make $500m down payment on Chinese licensing deal worth up to $12bn

  • GSK PLC (LSE:GSK, NYSE:GSK) has agreed to pay $500 million in upfront fees to Chinese drugmaker Hengrui Pharma as part of a wide-ranging collaboration to develop up to 12 experimental medicines in a deal worth up to a potential $12 billion. It is the latest move by the British giant to bolster its pipeline beyond 2031.