Akeso Updates Contract Manufacturing Arrangement with Supplemental Agreement Expiry Set for 2039

Reuters01-26
Akeso Updates Contract Manufacturing Arrangement with Supplemental Agreement Expiry Set for 2039

Akeso Inc. announced further information regarding its ongoing contract manufacturing arrangement involving CTTQ-Akeso, Akeso Biopharma, Chai Tai Tianqing, and Nanjing Tianqing. The company clarified that the term of the Supplemental Agreement is fixed until August 29, 2039, with the possibility for parties to enter into a new agreement upon expiry, subject to necessity, product sales performance, and prevailing circumstances. The annual procurement caps for monoclonal antibody (MAb) products under the agreement were determined by considering historical procurement amounts, anticipated market demand growth, and potential price or demand fluctuations. The procurement price will be based on actual manufacturing costs plus a reasonable profit margin, taking into account raw material costs, manufacturing scale, and profit margins of comparable publicly listed contract manufacturers, with adjustments for specific manufacturing processes.

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