PegBio Receives HK$61 Million in Royalty Payment Over Drug Licensing Deal

MT Newswires Live

06/08

PegBio (HKG:2565) received the first royalty payment of HK$61 million from Shanghai Tenry Pharmaceutical over a licensing deal covering visepegenatide in China, according to a Friday filing with the Hong Kong bourse.

The medicine, sold under the Paidakang brand name, is intended to treat type 2 diabetes.

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