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Sino Biopharmaceutical Enters Partnership With Boehringer Ingelheim With Potential Deal Value Of $7 Bln

By Reuters News

Nov 4 (Reuters) - Sino Biopharmaceutical Limited 1177.HK:

  • SBP GROUP ENTERS PARTNERSHIP WITH BOEHRINGER INGELHEIM WITH POTENTIAL DEAL VALUE OF $7 BILLION

  • ENTER INTO PARTNERSHIP WITH BOEHRINGER INGELHEIM WITH POTENTIAL TOTAL DEAL VALUE OF US$7 BILLION

  • SBP GROUP TO RECEIVE $358 MILLION IN UPFRONT AND NEAR-TERM PAYMENTS

  • SBP GROUP ELIGIBLE FOR $7 BILLION IN MILESTONE PAYMENTS PLUS DOUBLE-DIGIT ROYALTIES

  • AGREEMENT COVERS SIX PRECLINICAL ASSET PROGRAMS SPANNING ADCS AND T-CELL ENGAGERS

  • BOEHRINGER INGELHEIM MAY BUY EXCLUSIVE RIGHTS TO SIX PROGRAMS UNDER AGREEMENT


Further company coverage: 1177.HK

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