Pegbio Co Ltd Announces Proposed Exclusive License Agreement for Visepegenatide PB119 in Middle East and Africa
PegBio Co., Ltd. announced that it has entered into a non-binding term sheet with PDC FZ-LLC of the United Arab Emirates for the proposed grant of an exclusive license for Visepegenatide (PB-119), a subcutaneous injectable GLP-1 agonist for the treatment of Type II Diabetes Mellitus and obesity management. Under the proposed terms, PDC will receive exclusive rights to develop, distribute, market, and commercialize PB-119 in the Middle East and Africa. The agreement is positioned as part of PegBio's global commercialization strategy for PB-119. The company noted that there is no guarantee that PB-119 will ultimately be successfully developed and marketed.
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