Sutro Biopharma Announces New Partnership
<p><a href='https://financialmodelingprep.com/financial-summary/STRO'>Sutro Biopharma, Inc. (NASDAQ:STRO) </a>made an announcement, according to which it has out-licensed STRO-002 to Tasly Biopharmaceuticals in China and Taiwan for ovarian and endometrial cancers, with potential expansion indications, including triple-negative breast cancer and non-small cell lung cancer. </p>
<p>The company will receive an upfront cash payment of $40 million and could receive up to $345 million in sales and development milestones, in addition to tiered royalties ranging from low to mid-teens percentage on net sales in the region. </p>

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