Clover Biopharmaceuticals Terminates Distribution Agreement with Adimmune

Reuters
16 Jun
Clover Biopharmaceuticals Terminates Distribution Agreement with Adimmune

Clover Biopharmaceuticals Ltd. has announced the termination of its cooperation with Adimmune Corporation. This decision, effective from June 30, 2025, comes after the company exercised its unilateral termination right under the Exclusive Agreement due to significant changes in market conditions. As a result, Clover will cease distribution of AdimFlu-S $(QIS)$ in mainland China. However, the Board of Clover Biopharmaceuticals assures that this termination will not adversely affect the company's operations. The Group remains focused on advancing its proprietary RSV vaccine candidate SCB-1019 for use in RSV re-vaccination settings and as part of a respiratory combination vaccine. Shareholders and potential investors are advised to exercise caution when dealing with the company's shares.

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