Sino Biopharmaceutical (HK:1177) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Sino Biopharmaceutical, through its subsidiary Chia Tai Tianqing, has entered an exclusive license and cooperation agreement with YZY Biopharma for the drug M701, aimed at treating malignant pleural effusion and malignant ascites, currently in Phase III trials. The deal involves an upfront and milestone payment of RMB 315 million, sales milestones up to RMB 700 million, and royalties on net sales. M701, which shows promise over current treatments, could become a standard solution for these conditions, with potential peak sales exceeding RMB 2 billion.
For further insights into HK:1177 stock, check out TipRanks’ Stock Analysis page.