Merck reaches weight-loss drug deal worth up to $2 billion with China-based Hansoh [Yahoo! Finance]
AstraZeneca PLC - American Depositary Shares (AZN)
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Source: Yahoo! Finance
It includes an upfront $112 million licensing rights payment for global sales outside China. File Photo by Hasan Bratic/EPA-EFE Dec. 18 (UPI) -- Merck announced a weight loss drug deal Wednesday with China-based Hansoh worth up to $2 billion for the pill code-named HS-10535. It includes an upfront $112 million licensing rights payment for global sales outside China. Hansoh could get an additional $1.9 billion if it reaches clinical, regulatory and commercial milestones. The drug is experimental and works by targeting a gut hormone called GLP-1 like Wegovy does. "Through this agreement, we aim to build on our experience targeting incretin biology to evaluate HS-10535 and its potential to provide additional cardiometabolic benefits beyond weight reduction ," said Merck Research Laboratories president Dr. Dean Y. Li in a statement. Hansoh Pharma Executive Director of the Board Eliza Sun said in a statement, "Hansoh Pharma is becoming an emerging leader in metabolic diseases, an
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