Sichuan Kelun-Biotech Renews R&D Procurement Deal With China Resources Kelun; Shares Slip 5%

MT Newswires Live

01/19

Sichuan Kelun-Biotech Biopharmaceutical (HKG:6990) entered into a new transaction framework to procure R&D-related goods from China Resources Kelun (Sichuan) Medicine, according to a Jan. 16 Hong Kong bourse filing.

Shares of the biopharmaceutical firm were down over 5% in Monday's midday trade.

The agreement covers the procurement of R&D-related drugs, consumables, and fixed assets for a term ending Dec. 31, 2028.

It replaces a previous framework agreement that expired at the end of 2025.

Kelun-Biotech set annual caps of nearly 10.7 million yuan for each of 2026, 2027, and 2028, the filing showed.

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