ImmuneOnco Biopharmaceuticals Gets $5 Million Payout Under License Deal

MT Newswires Live

2025/05/07

ImmuneOnco Biopharmaceuticals (Shanghai) (HKG:1541) has received a second near-term payment of $5 million from Axion Bio, previously known as SynBioTx, a Wednesday Hong Kong bourse filing said.

The company had, in August 2024, granted Axion Bio an exclusive license for the research, development, and commercialization of the anti-tumor drugs outside of Mainland China, Hong Kong, Macau, and Taiwan.

As of Wednesday, the pharmaceutical firm has received a total of $20 million in upfront and near-term payments under the license contract.

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