YiChang HEC ChangJiang Pharmaceutical Co. Ltd. Class H (HK:1558) has released an update.
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YiChang HEC ChangJiang Pharmaceutical Co., Ltd. has entered a significant licensing agreement with Apollo Therapeutics Group Limited, granting Apollo exclusive rights to develop and commercialize APL-18881 globally, except in China. Under this agreement, the company stands to receive up to $938 million in various payments, including milestone payments and royalties based on sales outside China. This collaboration represents a strategic move for YiChang HEC to expand its market reach and capitalize on its pharmaceutical innovations.
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