InnoCare Pharma and Keymed Biosciences jointly announced that the Investigational New Drug (IND) of CM355, a CD20xCD3 bispecific antibody developed by a joint venture between the two companies called Tiannuojiancheng Pharma, has been cleared by the China'sNational Medical Products Administration (NMPA). CM355 binds to CD20 on the tumor cells and CD3 on the T cells, redirects and activates T cells to eradicate tumor cells through T-cell Directed Cellular Cytotoxicity (TDCC) in the treatment of CD20+ B-cell malignancies. Non-Hodgkin lymphomas are the main type of CD20+ B-cell malignancies, accounting for 80%-90%, which include diffuse large B-cell lymphoma (DLBCL), follicular lymphoma (FL), mantle cell lymphoma (MCL), and chronic lymphocytic leukemia/small lymphocytic lymphoma (CLL/SLL).

On September 3, 2021, InnoCare and Keymed Biosciences signed a strategic cooperation agreement at the 2021 China International Fair for Trade in Services to strengthen R&D collaboration between the two parties, aiming at developing First-in-class and Best-in-class innovative large molecular drugs to benefit patients.