Sino Biopharmaceutical to Distribute GSK's Hepatitis B Drug in China

MT Newswires Live

05/11

Sino Biopharmaceutical (HKG:1177) secured a supply deal for GlaxoSmithKline's hepatitis B drug, bepirovirsen, for China, according to a Monday filing with the Hong Kong bourse.

The firm's Chia Tai Tianqing Pharmaceutical Group entered into an exclusive strategic collaboration with GSK to cover the importation and distribution of bepirovirsen in mainland China for an initial term of 5.5 years at launch.

Sino Biopharmaceutical's shares were up nearly 2% in midday trade.

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