Lepu Biopharma Announces Licensing Transaction Update

Reuters12-18 19:13
Lepu Biopharma Announces Licensing Transaction Update

Lepu Biopharma Co. Ltd. announced updates regarding its licensing transaction, confirming that all conditions precedent under the Intellectual Property Assignment and License Agreement have been fulfilled. The company has received the first tranche of the upfront payment from Excalipoint, and future royalty payments will be settled on a licensed product-by-licensed product basis following the first commercial sale of CTM012 or CTM013 pipeline products.

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