Brief: Antengene Says Unit Entered Into Framework Agreement

Antengene

03/05/2021 10:26

May 3 (Reuters) - Antengene Corporation Ltd  6996.HK :
    * UNIT ENTERED INTO FRAMEWORK AGREEMENT WITH HANGZHOU
QIANTANG NEW
AREA ADMINISTRATIVE COMMITTEE
    * AGREEMENT TO BUILD A DRUG DISCOVERY AND MANUFACTURING
CENTER FOR
ANTIBODY BIOLOGICS
    * IN ADDITION, PROJECT IS ALSO EXPECTED TO RECEIVE A TOTAL
INVESTMENT IN RESEARCH AND DEVELOPMENT OF RMB700 MILLION
    * FROM 2021 TO 2026, PROJECT WILL RECEIVE A PHASED
FIXED-ASSET
INVESTMENT RMB640 MILLION AND RMB160 MILLION FOR OTHER
EXPENDITURES

Source text for Eikon:  ID:nHKS9wpFrM 
Further company coverage:  6996.HK 

 ((Reuters.Briefs@thomsonreuters.com;))