March 27 (Reuters) - Almirall SA ALM.MC:
ENTERS COLLABORATION WITH HUAOTA FOR DEVELOPMENT OF A NOVEL MONOCLONAL ANTIBODY IN MEDICAL DERMATOLOGY
HUAOTA WILL CONDUCT EARLY RESEARCH AND INITIAL CLINICAL DEVELOPMENT , WHILE ALMIRALL HOLDS GLOBAL RIGHTS OUTSIDE CHINA
CUMULATIVE PAYMENTS BY ALMIRALL TO HUAOTA COULD SUM UP TO USD $340 MILLION
HUAOTA WILL PAY TIERED ROYALTIES TO ALMIRALL BASED ON POTENTIAL FUTURE SALES OF THE PRODUCT IN CHINA
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