3SBio (HK:1530) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
3SBio Inc.’s subsidiary, Sunshine Mandi, has inked a lucrative cooperation agreement with Hybio Pharmaceutical for the joint development and exclusive supply of Semaglutide Injection, a weight management product. Under the deal, Sunshine Mandi is set to make milestone payments up to RMB 270 million to Hybio, including preclinical results, exclusive purchase prices, and profit-based royalties. The partnership aims to market and commercialize the product, with Sunshine Mandi holding exclusive marketing rights in certain regions and Hybio handling production.
For further insights into HK:1530 stock, check out TipRanks’ Stock Analysis page.