Huadong Medicine Secures License For IMBiologics' Autoimmune Drugs

MT Newswires Live08-16

Huadong Medicine (SHE:000963), through its unit Hangzhou Sino-US Huadong Pharmaceutical, has obtained an exclusive license for two of IMBiologics' autoimmune drugs, according to a Friday disclosure on the Shenzhen Stock Exchange.

Huadong Medicine will pay the South Korean biotech company an initial payment of $6 million, a technology transfer milestone payment of $2 million, a development, registration and sales milestone payment of up to $307.5 million, and a tiered net sales royalty fee.

The Chinese pharmaceutical company can sell the drugs, IMB-101 and IMB-102, in 37 Asian countries, including China. The company also received the rights to develop, register and produce the drugs.

IMB-101, being developed to treat rheumatoid arthritis, is undergoing phase I clinical trials in the US. IMB-102, which is undergoing preclinical studies, has potential indications for moderate to severe atopic dermatitis and other autoimmune diseases, the company said.

Price (RMB): Â¥28.33, Change: Â¥+0.56, Percent Change: +2.02%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2459252798?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-16 13:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2459252798","market":"us","top_or_hot":-1,"title":"Huadong Medicine Secures License For IMBiologics' Autoimmune Drugs","media":"MT Newswires Live","content":"<html><body><p> Huadong Medicine (SHE:000963), through its unit Hangzhou Sino-US Huadong Pharmaceutical, has obtained an exclusive license for two of IMBiologics' autoimmune drugs, according to a Friday disclosure on the Shenzhen Stock Exchange.</p><p>Huadong Medicine will pay the South Korean biotech company an initial payment of $6 million, a technology transfer milestone payment of $2 million, a development, registration and sales milestone payment of up to $307.5 million, and a tiered net sales royalty fee.</p><p>The Chinese pharmaceutical company can sell the drugs, IMB-101 and IMB-102, in 37 Asian countries, including China. The company also received the rights to develop, register and produce the drugs.</p><p>IMB-101, being developed to treat rheumatoid arthritis, is undergoing phase I clinical trials in the US. IMB-102, which is undergoing preclinical studies, has potential indications for moderate to severe atopic dermatitis and other autoimmune diseases, the company said.</p><p>Price (RMB): Â¥28.33, Change: Â¥+0.56, Percent Change: +2.02%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Huadong Medicine Secures License For IMBiologics' Autoimmune Drugs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHuadong Medicine Secures License For IMBiologics' Autoimmune Drugs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-16 13:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Huadong Medicine (SHE:000963), through its unit Hangzhou Sino-US Huadong Pharmaceutical, has obtained an exclusive license for two of IMBiologics' autoimmune drugs, according to a Friday disclosure on...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1969619763.USD","symbol_name":"EASTSPRING INV CHINA A SHARES GROWTH \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2459252798","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2459252798","pubTimestamp":1723787245,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Huadong Medicine , through its unit Hangzhou Sino-US Huadong Pharmaceutical, has obtained an exclusive license for two of IMBiologics' autoimmune drugs, according to a Friday disclosure on the Shenzhen Stock Exchange.Huadong Medicine will pay the South Korean biotech company an initial payment of $6 million, a technology transfer milestone payment of $2 million, a development, registration and sales milestone payment of up to $307.5 million, and a tiered net sales royalty fee.The Chinese pharmaceutical company can sell the drugs, IMB-101 and IMB-102, in 37 Asian countries, including China. The company also received the rights to develop, register and produce the drugs.IMB-101, being developed to treat rheumatoid arthritis, is undergoing phase I clinical trials in the US. IMB-102, which is undergoing preclinical studies, has potential indications for moderate to severe atopic dermatitis and other autoimmune diseases, the company said.Price : 28.33, Change: +0.56, Percent Change: +2.02%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1969619763.USD":"EASTSPRING INV CHINA A SHARES GROWTH \"A\" (USD) ACC","BK0132":"高送转概念","BK0175":"白马股","BK0188":"融资融券","000963":"华东医药","BK0209":"零售","BK0183":"MSCI概念","BK0187":"一线龙头","LU2328871848.SGD":"Eastspring Investments - China A Shares Growth AS SGD","BK0196":"行业龙头"},"translate_title":"华东医药获得IMBiologics自身免疫药物许可","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"000963":0.9},"content_text":"Huadong Medicine (SHE:000963), through its unit Hangzhou Sino-US Huadong Pharmaceutical, has obtained an exclusive license for two of IMBiologics' autoimmune drugs, according to a Friday disclosure on the Shenzhen Stock Exchange.Huadong Medicine will pay the South Korean biotech company an initial payment of $6 million, a technology transfer milestone payment of $2 million, a development, registration and sales milestone payment of up to $307.5 million, and a tiered net sales royalty fee.The Chinese pharmaceutical company can sell the drugs, IMB-101 and IMB-102, in 37 Asian countries, including China. The company also received the rights to develop, register and produce the drugs.IMB-101, being developed to treat rheumatoid arthritis, is undergoing phase I clinical trials in the US. IMB-102, which is undergoing preclinical studies, has potential indications for moderate to severe atopic dermatitis and other autoimmune diseases, the company said.Price (RMB): Â¥28.33, Change: Â¥+0.56, Percent Change: +2.02%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2459252798"}