Brief: Sino Biopharmaceutical Announces Exclusive License And Cooperation Deal With YZY Biopharma

Sino Biopharmaceutical

08/10/2024 02:16

Oct 8 (Reuters) - Sino Biopharmaceutical Ltd  1177.HK :
    * SIGNING OF AN EXCLUSIVE LICENSE AND COOPERATION AGREEMENT
WITH
YZY BIOPHARMA
    * UNIT WILL PAY APPROXIMATELY RMB315 MILLION AS UPFRONT
PAYMENT
    * UNDER DEAL, UNIT  WILL PAY SALES MILESTONE PAYMENTS OF UP
TO
RMB700 MILLION TO YZY BIOPHARMA
    * UNIT OBTAINED LICENSE FOR DEVELOPMENT, COMMERCIALIZATION
OF M701
DEVELOPED BY YZY BIOPHARMA IN MAINLAND CHINA


Further company coverage:  1177.HK 

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