'RAPT licenses non-China rights to antibody'

 - RAPT obtains worldwide rights excluding China -

- Jemincare receives $35 million upfront payment, up to $672.5 million in milestone payments and high single-digit to low-double digit royalties on future sales -

- Jemincare is currently conducting Phase 2 trials in asthma and chronic spontaneous urticaria in China -

- RAPT plans to initiate Phase 2b trial in food allergy next year -

- RAPT to host a conference call at 8:30 a.m. ET -

RAPT will host a webcast conference call today, December 23, 2024 at 8:30 a.m. ET. To join the conference call via phone and participate in the live Q&A session, please pre-register online here to receive a telephone number and unique passcode required to enter the call. The live webcast and audio archive of the presentation may be accessed on the RAPT Therapeutics website at https://investors.rapt.com/events-and-presentations.

https://www.globenewswire.com/news-release/2024/12/23/3001125/0/en/RAPT-Therapeutics-and-Shanghai-Jemincare-Pharmaceutical-Announce-Exclusive-License-Agreement-for-Novel-Long-Acting-anti-IgE-Antibody.html