Pharma BD Deal Intelligence

Pfizer Inc. / 3SBio Inc.

2025 · Licensing/Option · $6.0B · Complete

WRONG BY 32 POINTS
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The coverage arc

May 19, 2025 BioSpace Bullish

Pfizer will pay $1.25 billion upfront and up to $6.05 billion in total to license 3SBio's SSGJ-707, a PD-1/VEGF bispecific antibody currently in Phase…

May 21, 2025 Fierce Biotech Bullish

With Summit leading the pack in PD-1xVEGF bispecifics, Pfizer lays out its own plan to replace Keytruda with the 3SBio asset. The article frames the deal as…

Apr 21, 2026 Pfizer Showcases Oncology Innovation and Next-Generation Pipeline at ASCO 2026 - Pfizer Bullish

Pfizer ASCO 2026: updated Phase 2 data for PF-08634404 (SSGJ-707), the PD-1/VEGF bispecific, as monotherapy in first-line PD-L1-expressing NSCLC (Abstract…

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Pfizer licensed SSGJ-707 (PF-08634404), a PD-1/VEGF bispecific antibody, from 3SBio, paying $1.25B upfront plus a $100M equity investment in a deal worth up to $6.05B (including up to $4.8B in milestones) for global rights ex-China in lung, colorectal and gynecologic cancers. The deal closed July 24, 2025. As of ASCO 2026, Pfizer is advancing the asset in pivotal development -- the Phase 3 Symbiotic-Lung-01 study in first-line NSCLC (plus chemotherapy, regardless of PD-L1 status) and the Phase 3 Symbiotic-GI-03 study in first-line metastatic colorectal cancer -- alongside updated Phase 2 first-line NSCLC monotherapy data.

Key facts

Related deals — scored

DealYearValueOutcome
Pfizer Inc. / 3SBio Inc. (this deal)2025$6.0B62
Pfizer Inc. / BioNTech SE2020$748M100
Pfizer Inc. / FoldRx Pharmaceuticals201099
Pfizer Inc. / Medivation Inc.2016$14.0B86
Pfizer Inc. / Wyeth2009$68.0B86
Pfizer Inc. / Warner-Lambert Company2000$90.0B83
Pfizer Inc. / Arvinas, Inc.2021$2.4B77

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