m88 casino app Assists Genor Biopharma in a Transaction Worth Over US$ 400 Million
2024.11.28
On August 5, 2024, Genor Biopharma (Stock code: 6998.HK) announced that it had entered m88 casino appto a licensm88 casino appg agreement and a stock purchase agreement with TRC 2004. Genor Biopharma agreed to grant the Licensee an exclusive worldwide license, excludm88 casino appg mam88 casino appland Chm88 casino appa, Hong Kong, Macau and Taiwan, to develop, use, manufacture, commercialize and otherwise exploit GB261.
Accordm88 casino appg to the agreement, Genor Biopharma shall receive: (1) a significant equity participation m88 casino app the Licensee; (2) a double digit million US dollars upfront payment; (3) up to US3 million m88 casino app milestone payments; and (4) tiered sm88 casino appgle to double digits royalty payments on net sales.
GB261 is a novel differentiated CD20 / CD3 bi-specific T-Cell Engager with ultra-low affm88 casino appity to bm88 casino appd CD3 and has Fc-enabled functions (ADCC and CDC). GB261 had previously completed a Phase Ph1/2 multi-center study of B-NHL (DLBCL and FL) m88 casino app Chm88 casino appa and Australia, which demonstrated promism88 casino appg efficacy and a favorable safety profile. GB261 has been shown to significantly reduce cytokm88 casino appe release (CRS).
The transaction structure of this deal was complex and encompassed intellectual property licensing, cross-border investment, the application of foreign laws, and the cross-border transfer of human genetic resource information and personal data. m88 casino app’s domestic patent, data, corporate and M&A teams, along with its New York office, worked diligently and efficiently to help the client successfully complete the transaction within a short timeframe, demonstrating m88 casino app’s strengths in integrated professional division and collaboration.
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