Pathos AI licensed JSKN016 from Jiangsu Alphamab Biopharmaceutical, a unit of China's Alphamab Oncology, paying $125 million upfront with milestones that could reach about $2.09 billion plus royalties. The New York firm gains rights outside mainland China, Hong Kong, Macau, and Taiwan to a TROP2/HER3 bispecific antibody-drug conjugate in late-stage testing for triple-negative breast cancer. Pathos says its Foundry AI platform helped prioritize the asset and will guide global development. Why it matters: AI drug shops are writing nine-figure checks, not just ranking targets on slides. Caveat: milestone totals are contingent, and late-stage oncology deals still fail in the clinic.