Apollo Therapeutics Signs Exclusive Ex-China License From Sunshine Lake Pharma for Clinical-Stage FGF21 / GLP-1 Dual Receptor Agonist, a Therapeutic With Major Commercial Potential in Mult...
FTI Consulting, Inc. (FCN)
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Source: Yahoo! Finance
Both FGF21 and GLP-1 are clinically validated targets for cardio-metabolic disorders, liver disease, and related indications Dual agonist approach has potential to deliver enhanced efficacy in a range of conditions through complementary mechanisms Sunshine Lake is to receive $12m upfront and up to $926m in development, regulatory and commercial milestone payments. The commercial milestone payments are contingent upon reaching defined annual sales thresholds across major markets. In addition, Sunshine Lake stands to receive tiered royalties ranging from high single to low double digits on net sales. CAMBRIDGE, England & DONGGUAN, China, November 12, 2024 BUSINESS WIRE )--Apollo Therapeutics Group Limited ("Apollo"), the portfolio biopharmaceutical company, and Sunshine Lake Pharma Co., Ltd. ("Sunshine Lake"), an innovative pharmaceutical company and a member of HEC Group, one of the top 500 private business entities in China, have entered into an exclusive license agreement for
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