C-Mer Medical Affiliate HHP Signs Global Licensing Deal with Gilead and Hanmi for Encequidar
C-Mer Medical Holdings Ltd. announced that its affiliate, Health Hope Pharma Limited (HHP), in which the Group holds a 21.8% stake, has entered into a tri-partite global licensing and collaboration agreement with Gilead Sciences, Inc. and Hanmi Pharm. Co., LTD. for encequidar, a first-in-class P-glycoprotein inhibitor in the field of virology. Under the agreement, HHP and Hanmi will grant Gilead exclusive global rights to encequidar within virology, provide drug supply, and share technical know-how. HHP will receive an upfront payment of US$10 million and may be eligible for up to US$72.5 million in future payments and low single-digit royalties on net sales.
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