BRIEF-Sichuan Biokin's Unit Receives $250 Mln Milestone Payment From BMS On Iza-Bren Agreement

Reuters11-30
BRIEF-<a href="https://laohu8.com/S/688506">Sichuan Biokin</a>'s Unit Receives $250 Mln Milestone Payment From BMS On Iza-Bren Agreement

Nov 30 (Reuters) - Sichuan Biokin Pharmaceutical Co Ltd 688506.SS:

  • SAYS UNIT HAS RECEIVED $250 MILLION MILESTONE PAYMENT FROM BRISTOL-MYERS SQUIBB $(BMS)$ RECENTLY IN ACCORDANCE TO IZA-BREN GLOBAL STRATEGIC AGREEMENT

  • SAYS CO REMAINS ELIGIBLE FOR UP TO $250 MILLION NEAR-TERM PAYMENTS, UP TO $7.1 BILLION ADDITIONAL PAYMENTS UPON ACHIEVING SPECIFIC DEVELOPMENT, REGULATORY, COMMERCIAL MILESTONES

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Further company coverage: 688506.SS

(Reporting by Hong Kong newsroom)

((donny.kwok@thomsonreuters.com; +852 3462 7745;))

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