3SBio (HK:1530) has released an update.
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3SBio Inc.’s subsidiary, Shenyang Sunshine Pharmaceutical, has secured exclusive commercialization rights for clifutinib besylate in Mainland China through a collaboration with Sunshine Lake Pharma. The agreement involves initial and milestone payments, while Sunshine Lake Pharma will manage the drug’s research, development, and production. Investors are advised to remain cautious regarding the potential success of clifutinib’s commercialization.
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