On December 2, Kangzhe Pharmaceutical (00867.HK) announced that on December 2, 2024, the group signed an exclusive commercial agreement with Hangzhou New Element Pharmaceutical Co., Ltd. through its wholly-owned subsidiary for the first-class new drug ABP-671 for the treatment of gout and hyperuricemia.
According to the agreement, the group has obtained the exclusive commercialization rights for the product in mainland China, the Hong Kong Special Administrative Region, and the Macao Special Administrative Region. The cooperation period begins on the effective date of the agreement, with a ten-year authorization period from the first approval of the product for listing in mainland China. Upon expiration of the authorization period, under specific conditions stipulated in the agreement, the authorization period may be automatically renewed for another ten years.
ABP-671 is an innovative first-class drug for the treatment of gout and hyperuricemia. It is currently undergoing Phase 2b/3 clinical trials for gout in China and overseas, acting by inhibiting urate transporter 1 (URAT1) to reduce renal reabsorption of uric acid. Results from two completed Phase 2 trials show that multiple dose groups of ABP-671 (1mg to 12mg) exhibit good efficacy and safety. The product administered once daily at 2mg may have comparable or superior efficacy to the highest doses of benzbromarone and febuxostat at 80mg. Uric acid reduction can be maintained around the clock with no serious safety concerns. The product is expected to provide gout and hyperuricemia patients with more effective and safer treatment options. Several patents related to compounds and applications of ABP-671 have been authorized in China.
The group continues to invest in developing differentiated innovative products. ABP-671 is a product with potential for superior efficacy and good safety in the current treatment of gout and hyperuricemia. The introduction of the first-class new drug ABP-671 for the treatment of gout and hyperuricemia will fill the group's gap in gout treatment products, making the group's innovative drug product matrix more diverse. The product can synergize with Mattel (methotrexate injection), an existing product in rheumatology and immunology, and with Yigaining (calcitonin salmon injection) in endocrinology and orthopedics in terms of expert networks and market resources. With the group's successful commercialization experience and efficient commercialization system, if the product is approved for listing, it will bring new medication options to Chinese gout and hyperuricemia patients, meeting clinical demands for drugs with both efficacy and safety, improving disease diagnosis and treatment practices, benefiting patients, and is expected to have a positive impact on the group's performance.