Shanghai Fosun Pharmaceutical Subsidiary Signs Cooperation, License Deal

MT Newswires Live

2024-12-20

Shanghai Fosun Pharmaceutical Group (SHA:600196) subsidiary Henlius (HKG:2696) signed a cooperation and license agreement with Palleon.

The two parties will cooperate on developing Palleon's E-602 product and related combination therapy solutions in the field and commercialization in their respective licensed regions, according to a Thursday filing with the Shanghai bourse.

Henlin shall pay Palleon royalties ranging between 8% and 12%, based on the annual net sales of the licensed products in the Henlin licensed territory.

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