Pharma BD Deal Intelligence

AstraZeneca PLC / Jacobio Pharmaceuticals Group Co. Ltd.

2025 · Licensing/Option · $2.0B · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Dec 22, 2025 AstraZeneca Press Release Bullish

AstraZeneca has entered into an exclusive global licence agreement, excluding Greater China, with Jacobio Pharmaceuticals for JAB-23E73, a potential…

Dec 30, 2025 Fierce Pharma Bullish

Fierce Pharma Asia: AstraZeneca's KRAS bet; BeiGene's cancer deal; Coherus' PD-1 price. The article discusses AstraZeneca's $2B Jacobio pan-KRAS commitment…

Mar 30, 2026 Jacobio Pharma IR Bullish

Jacobio Pharma announced it has received the US$100 million upfront payment from AstraZeneca under the JAB-23E73 collaboration and license agreement announced…

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AstraZeneca licensed exclusive ex-China rights to Jacobio's JAB-23E73, a Phase 1 pan-KRAS inhibitor (oral small molecule sparing HRAS/NRAS), announced December 21, 2025. Jacobio receives $100M upfront and up to $1.915B in development/commercial milestones plus tiered royalties; Jacobio retains co-development/commercialization rights in China (total up to ~$2.015B). The agreement became effective with Jacobio confirming receipt of the $100M upfront on March 30, 2026. JAB-23E73 has produced the first clinical data for a pan-KRAS inhibitor: in the China Phase 1a dose-escalation (42 patients as of Jan 15, 2026) multiple confirmed partial responses were seen, with a 38.5% ORR and 84.6% DCR among 13 pancreatic-cancer patients in the efficacious dose range and Grade 3 TRAEs of 11.9% (no Grade 4/5). China's CDE approved a Phase 1/3 first-line KRAS-mutant pancreatic combination (nab-paclitaxel + gemcitabine) in February 2026.

Key facts

Related deals — scored

DealYearValueOutcome
AstraZeneca PLC / Jacobio Pharmaceuticals Group Co. Ltd. (this deal)2025$2.0B
AstraZeneca PLC / Daiichi Sankyo Company, Limited2019$6.9B100
AstraZeneca PLC / KuDOS Pharmaceuticals Limited2005$210M98
AstraZeneca PLC / Alexion Pharmaceuticals Inc.2020$39.0B86
AstraZeneca PLC / Acerta Pharma2015$4.0B86
AstraZeneca PLC / Amgen Inc.2020$2.3B84
AstraZeneca PLC / MedImmune Inc.2007$15.6B82

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