HCW Biologics Inc. Secures $7 Million License Agreement with WY Biotech

Reuters
07-19
<a href="https://laohu8.com/S/HCWB">HCW Biologics Inc.</a> Secures $7 Million License Agreement with WY Biotech

HCW Biologics Inc. has announced the continuation of its exclusive license agreement with WY Biotech Co., Ltd. Following the completion of due diligence by WY Biotech on a technical report, the company has decided to proceed with the agreement, which includes a financial commitment to HCW Biologics. This commitment involves an upfront license fee of $7 million. To accommodate WY Biotech's arrangements with its contract development and manufacturing organization $(CDMO)$ and investors, both companies have agreed to extend the payment deadline. WY Biotech is expected to confirm the wiring of the license fee by September 30, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HCW Biologics Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-096950), on July 18, 2025, and is solely responsible for the information contained therein.

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