Uni-Bio Science Partners Kexing Biopharm to Commercialize Bogutai in Six Markets; Shares Rise 7%

MT Newswires Live
Sep 15

Uni-Bio Science Group (HKG:0690) said its unit, Beijing Genetech Pharmaceutical, has entered into a strategic cooperation agreement with Kexing Biopharm (SHA:688136) to commercialize its osteoporosis treatment Bogutai, according to a Friday Hong Kong bourse filing.

Shares of the firm were up nearly 7% in Monday morning trade.

The agreement grants Kexing Biopharm exclusive rights to market Bogutai in Saudi Arabia, Egypt, Morocco, Colombia, Argentina, and Mexico.

Bogutai, a pre-filled pen-type teriparatide injection launched in China in March 2024, is used for postmenopausal women at high risk of fractures.

The partnership will target markets with more than 10 million osteoporosis patients and an estimated value of nearly $1.5 billion, with revenue expected from late 2026.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10